Turn unpaid invoices into the cash flow you need for a steady stream of working capital.
In a world plagued by hidden fees and cloak-and-dagger charges, we stand as a beacon of clarity. Our commitment to transparency ensures that you know precisely what you're paying for, with no nasty surprises lurking in the shadows. Trust and certainty are at the heart of our ethos.
Don't let the shackles of financing restrain your business any longer. We empathize with the rigors of entrepreneurship, and the labyrinth of accounts receivable management can often appear insurmountable.
But worry not, for our partnership in accounts receivable factoring offers a key to unlock the financial stability and flexibility you require to soar to new heights. With our bespoke funding solutions, a seasoned team of experts by your side, and pricing that unfolds like an open book, we're poised to infuse your enterprise with the cash flow it craves.
Invest in growth, seize new opportunities, and revel in the steady stream of working capital that empowers your journey towards success.
Accounts Receivable Factoring Features
Quick and Easy Approval
Our online application process is simple and fast, allowing you to get approved for funding in as little as 24 hours.
High Advance Rates
Enjoy the flexibility to handpick the invoices you sell, while securing funding for up to 90% of the invoiced sum.
Transparent Pricing
We have no hidden fees or surprise charges, so you can rest assured knowing exactly what you're paying for.
Don’t Let Financing Hold Back Your Business
We understand that running a business can be challenging, and managing your accounts receivable can be even more daunting. By working with us for accounts receivable factoring, you can gain the financial stability and flexibility you need to achieve your business goals. With our customized funding solutions, experienced team, and transparent pricing, we can provide the cash flow you need to maintain a steady stream of working capital and invest in growth opportunities.
We’re not here to help with one transaction – we’re your partner in success, committed to building lasting relationships and helping you achieve financial success for years to come. So if you’re ready to take your business to the next level, let Spartan be your partner on this journey.
What is Accounts Receivable Financing?
Accounts receivable financing, also known as factoring or invoice financing, uses your company’s unpaid invoices as collateral for a lump sum of money. Since AR financing is based on debts owed to your company, you may find it easier to qualify than with traditional financing options.
More flexible requirements like credit and time in business means even if your company recently started, you could still qualify for accounts receivable financing.
Invoice factoring is a method of invoice financing. A company sells its open invoices to a factoring service provider, who pays the invoices immediately for a fee. The advantage for the company is that it receives payment immediately, regardless of the invoice deadline, and thus generates a stable cash flow.
What are the advantages of invoice factoring?
Factoring your invoices is an efficient and reliable way to raise regular amounts of working capital. It removes the stress and pressure of paying bills on time, and allows you to plan ahead for sustainable growth.
Is invoice factoring worth it?
Fast cash. Invoice factoring can provide immediate access to working capital to help cover a funding gap caused by slow-paying customers. Improved cash flow. Factoring can also allow you to keep loyal customers on longer payment terms while still improving your cash flow to help you grow your business.
How do invoice factoring companies make money?
A factoring company makes money through factoring fees. When a business factors its invoices, the factor (or factoring company) advances up to 90% of the invoice value to the business. When the factor collects the full payment from the end customer, they return the remaining 10% to the business minus a factoring fee.
How long does it take to factor an invoice?
Generally, it takes two to seven days to qualify for invoice factoring, and another one to two days to receive payment from the factor. Sometimes factoring companies will check out the creditworthiness of your clients, too—they want to make sure they're not dealing with people who won't pay their invoices.
