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How Factoring Works
Questions?

What is Factoring?

Is your Ankeny Janitorial Company waiting 30, 45, 60+ days for invoices to be paid? Are you turning down business in Iowa or elsewhere, due to lack of working capital? If so, fortunate for you the fix is simple—Janitorial Factoring. Factoring is a simple buy and sell transaction in which accounts receivable (invoices) are purchased at discount.

What can Factoring do for me?

Many janitorial and maintenance companies in Ankeny 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 Iowa business going— but, more importantly the financing you need to get your Iowa business growing. Call us today and learn what Invoice Advance can do to help.

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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