Invoice factoring is a financial tool enabling businesses to convert their unpaid invoices into cash without using personal assets such as credit cards and personal loans. When a business has outstanding invoices, it can sell them to Round Table Financial. Round Table Financial purchases your unpaid invoices at a discounted rate and provides you with cash upfront. We then receive payments from your customers directly.
Invoice factoring is an attractive alternative to traditional lending for businesses because it provides a quick solution for cash flow needs. Companies receive immediate cash from their unpaid invoices so they don’t have to take on additional debt.
But there’s more to invoice factoring than that. It also allows businesses to increase their working capital without waiting 30-90 days or more for customers to pay. When a company delivers a product or service to a customer, it’s often counting on payment to ensure there’s enough money to keep payroll met, pay suppliers, and purchase new inventory. When customers don’t pay on time, it puts business owners in a bind—and that’s when they need working capital the most.
Invoice factoring can serve as a valuable resource for companies of all sizes and industries, including:
Other signs that your business may need invoice factoring services include:
Factoring is a flexible option to get quick funds and bridge costs until your customers pay your invoice. Round Table Financial gets you a direct line to working capital with our straightforward application process and quick turnaround.
Invoice factoring is a financing option for businesses that need immediate cash flow. It’s the process of selling unpaid invoices to Round Table Financial factor in exchange for upfront payment. Round Table Financial purchases a percentage of the invoice amount up front. When payment is received, Round Table Financial pays the invoice balance less its fee.
Here’s a deeper look at each step in the process:
At Round Table Financial, we’re dedicated to aiding companies to find their ideal finance option. Our experienced project managers understand that time is of the essence and are here to make your cash flow journey fast and hassle-free. You don’t have to decipher complex paperwork or hurdle over endless qualifications—just sit back as our team of financiers swiftly provides you with working capital.
When you use our invoice factoring services, you gain a team of dedicated professionals to process your invoice payments, help you with collections, and more. Our rates vary depending on your industry, volume, and other criteria. We have no minimum factoring requirements, never surprise you with hidden fees, and we give you 24/7 secure access to all your account information through our online portal, phone, email, fax, or mail.
Round Table Financial is a cash-flow solution provider supporting businesses nationwide with accessible working capital. We provide long-term partnerships, scaling to you as your team and needs grow.
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