Invoice Factoring

Invoice Factoring from Express Funding allows business owners to turn B2B invoices due in 15 to 90 days into instant cash.
We pride ourselves on quick approval times, no long-term contracts, and with us there are never any hidden fees. Plus we offer credit lines from $20K to $2.5 million!

How Invoice Factoring Works

  1. Business-owner (the Client) sells $1,000 worth of toothbrushes to Walmart (the Debtor) which agrees to pay the Client in 30 days.
  2. The Factor, us, advances 85%-90% of the invoice value ($850-$900) to Client. Factor notifies Walmart to re-direct it’s payment to us at the end of 30 days.
  3. When 30 days pass, Walmart pays $1,000 to us.
  4. We then remit the remaining $100-$150 back to the client, minus $1.2% to 4.0% in fees accrued over 30 days.

Basic Factoring Terms

  • Spot Factoring means the Client can pick and choose which invoice to submit for an advance.
  • Recourse means the Factor can collect from the Client in case the Debtor fails to pay the invoice amount.
  • Notification refers to the process where the Factor notifies the Debtor that their invoice payment will be redirected to the Factor.
Express Funding Corp is a recourse spot factor that offers both non-notification credit lines and notification credit lines.  Notification credit lines typically with come a larger maximum credit line size and lower pricing, as they are fundamentally less risky than non-notification.  As a spot factor, Express Funding Corp does NOT lock clients in to undesirable 1-3 year terms or require that the client factoring 100% of the invoices as many inflexible traditional factors do.