Invoice Factoring Funding
Invoice Factoring is an advance funding solution that is paid on Outstanding Invoices of Future Receivables up to 90% by the lender.
Invoice Factoring has the benefit of getting immediate payment on for current unpaid invoices without the debtor knowing that you took funding.
Funding Criteria
Fico Score
Funding Amount
Term Length
Time in Business
Time to Fund
550+
$ 2,500 - $ 5,000,000
Not Applicable
3 Months +
As Little as 24 Hours
Make your unpaid invoices work
Invoice factoring essentially involves using outstanding invoices as collateral to secure funding for businesses. This type of funding is usually easier and quicker to obtain and can provide up to 100% of the invoice values depending on the company policies and business fundamentals.
When customers buy goods or services from your company and are late in paying for them, your business will temporarily lack both stock and cash. In some cases, such as when business is good, this can come at a heavy cost, such as other customers missing what they need from your store. This can tarnish the business name.
With fundu, the entire process is extremely easy, and guarantees clients that the needs of their business comes first.
How does it work?
1
Using your accounts receivable values are used as collateral to get a cash advance
2
After the outstanding invoices have been collected you will pay a financing fee, typically 2-4% of the total invoice value
3
You are responsible for collecting the total amount of outstanding receivables