How Factoring Works

Janitorial Factoring

Specialized invoice factoring for janitorial, custodial and other maintenance companies.

What is Janitorial Factoring?

Ever find yourself stuck? Payroll's due. You're holding on invoices 30, 40, even 50 days old, but you have no cash? It's a precarious position many other companies have also experienced, fortunately the fix is simple, and the fix is Janitorial Factoring. Factoring is a simple buy and sell transaction in which a factor purchases a company's accounts receivable (invoices) at discount.

What can Factoring do for me?

Many janitorial and maintenance companies have asked that same question. Many have called us because they needed financing, and almost all have called because they wanted to increase profit. Janitorial and Maintenance companies use factoring because it provides both; The financing you need to keep your business going— but, more importantly the financing you need to get your business growing. Call us today and learn what Invoice Advance can do for your company.

How Factoring Works:
The Factoring Cycle:

You sell a product, and or a service to your client.

That's all she wrote; repeat "The Factoring Cycle" as often as needed.

You invoice your client, and submit a copy of the invoice(s) to Factor.

Once paid, the Factor pays you the remaining 10-30% (less service fees).

Factor then verifies the authenticity of the invoice(s) submitted.

Factor will now wait on payment of invoice(s) from your client.

Once verified, Factor will fund 70 – 90% of invoice(s) face value.

The Factoring Cycle:

You sell a product, and or a service to your client.

Step 2:

You invoice your client, and submit a copy of the invoice(s) to Factor.

Step 3:

Factor then verifies the authenticity of the invoice(s) submitted.

Step 4:

Once verified, Factor will fund 70 – 90% of invoice(s) face value.

Step 5:

Factor will now wait on payment of invoice(s) from your client.

Step 6:

Once paid, the Factor pays you the remaining 10-30% (less service fees).

Step 7:

That's all she wrote; repeat "The Factoring Cycle" as often as needed.

Invoice Factoring Calculator
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