Invoice Factoring

Access working capital when you need it with invoice factoring.

Businesses need consistent cash flow to maintain growth.  However, clients can take months to pay, stalling your business while you wait to cover your expenses.

What is invoice factoring?

Businesses need consistent cash flow to maintain growth. But clients can take months to pay invoices for services rendered, stalling your business while you wait to cover your expenses. This is where invoice factoring (and Rapid Financial Group) comes in.

Submit your invoices to us and we’ll instantly advance you funds and handle collection from your client, freeing you up to do what you do best – grow your business.

We apply the payment against your customers’ accounts, deduct our fee and remit any remaining holdback to you.

Our 24-hour online portal allows you to monitor transactions in real time. If you should have any questions or concerns, your dedicated Rapid Financial Group relationship manager is always available to help.

How It Works?

1. You provide a product or service to your customer.

2. You send your invoice directly to Rapid Financial Group.

3. We pay you the invoice in immediate funds minus the reserve same-day.

4. We wait for your client to pay us per their terms.  

5. We return the reserve to you less a our fee.

We assume, manage and collect the financed debts and provide transparent, accessible reporting to keep you up to date on the process.

Where a bank loan might be denied, A/R factoring could potentially advance you hundreds of thousands of dollars—in a very short time frame.

Your business must:

  • Operate in the B2B space, whether you’re a small business, a growing company, or an established enterprise
  • Have credit-worthy customers that have consistently paid invoices in the past

Your invoices must:

  • Be invoiced to clients on credit terms 
  • Have a strong pipeline for future opportunities
  • Have credit-worthy accounts receivables that are likely to be paid on their due date
  • Have invoice terms such as net 30, net 60, or net 90 from the invoice date
  • Are free of liens and encumbrances
  • Be within the credit terms and credit limits 

What industries can leverage invoice factoring?

Rapid Financial Group helps small and medium-sized businesses across multiple industries that serve the B2B market. Our clients operate in:

  • Apparel & Textile Wholesale
  • Chemicals & Plastics
  • Computer Hardware
  • Consulting
  • Cosmetics
  • Electronics
  • Entertainment
  • Energy
  • Food & Beverage Distribution
  • Furniture & Housewares
  • Freight & Trucking
  • Government Contractors
  • Healthcare Centers
  • High-rise Window Cleaning
  • Import/Export
  • Janitorial & Building Maintenance
  • Landscaping
  • Logistics
  • Machine Shops
  • Manufacturing
  • Media & Communication
  • Metals & Mining
  • Personal Protective Equipment (PPE)
  • Photographic Laboratories
  • Printing, Publishing Services & Paper Suppliers
  • Professional Services
  • Medical Sales
  • Security Agencies
  • Software
  • Staffing Companies & Temporary Personnel Agencies
  • Telecommunications
  • Technology