Invoice Factoring
FACTORING
INVOICE FACTORING
- EASY APPLICATION PROCESS
- NO COLLATERAL REQUIRED
- RECEIVE 80-90% OF YOUR INVOICE AMOUNT UPFRONT
HOW DOES IT WORK?
With invoice factoring, a business can finance its unpaid bills by selling them in exchange for a quick cash advance. Here are our straightforward 5 steps:
- Submit invoices for review
- Kapital Hub verifies the invoices
- You receive 80-90% of your invoice amount
- Kapital Hub collects the outstanding invoices
- You receive the remaining invoice balance minus a small fee.
WHAT DOES IT COST?
Your business will often receive an upfront advance of between 80-90% of the entire invoice. Once the total invoice has been paid in full, the remaining percentage is paid, less a nominal fee. The cost is determined by the total number of invoices you are factoring, the size of each invoice, and the creditworthiness of the receivables from your customers.
WHEN WOULD IT MAKE SENSE?
For companies with lengthier payment terms or those who frequently have cash locked up in unpaid invoices from clients, invoice factoring is the perfect option. It is widespread across a wide range of sectors, including manufacturing, trucking, healthcare, and wholesale.
WILL I QUALIFY?
Your eligibility is not determined by your credit history, available assets, or length of operation, as it is with traditional finance. The application procedure is easy to understand, and qualification is determined by your customer’s creditworthiness rather than the creditworthiness of your company.
