Business Factors & Finance

Business Factors & Finance buys unpaid invoices from businesses so they receive cash quickly instead of waiting for customers to pay. The company describes factoring as different from a loan, because it adds no new debt and no equity is given up. It says it has worked in receivables financing for more than 40 years.

Products and services

• Invoice factoring: advances cash against unpaid customer invoices.
• Freight bill factoring: funding for trucking firms covering fuel, insurance, maintenance and payroll.
• Payroll and staffing factoring: helps labour providers pay workers before clients settle.
• Purchase order financing: funds to fulfil large orders.
• Other working capital products: asset-based lending, cash flow loans and supply chain financing.

Who it works with

Industry pages cover oil and gas, fashion and apparel, information technology, government contracts, manufacturing, staffing and telecoms. Customer credit is assessed from an accounts receivable aging report, and new accounts are said to be funded within one to three business days.

Key facts

• Experience: more than 40 years in receivables financing
• Network: over 25 locations
• Support: round-the-clock customer service