INVOICE FACTORING

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HOW DOES IT WORK?

Invoice factoring involves selling unpaid invoices for quick cash advance. Our 5-step process:

  • Submit invoices.
  • Invoices verified by primefi Solutions.
  • Receive 80-90% upfront.
  • primefi Solutions collects outstanding invoices .
  • Get remaining balance minus a fee.
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WHAT DOES IT COST?

Usually, 80-90% of total invoice is advanced upfront. A small fee is deducted from the remaining when the invoice is fully paid. Fee varies based on invoice size, quantity, and customer's credit strength."

WHEN WOULD IT MAKE SENSE?

Invoice factoring suits businesses with extended payment terms or tied-up cash in client invoices. It's prevalent in construction, manufacturing, trucking, healthcare, and wholesale industries.

WILL I QUALIFY?

Unlike typical financing, eligibility relies on customer credit, not your credit score, collateral, or business duration. Application is easy; your customer's creditworthiness matters more than your business history.