eCapital is a modern, award-winning factoring company. Get a no obligation quote online or call us to have a chat with one of our factoring experts.
Tired of playing the net 30-60-90 game? Looking for the fastest invoice factoring solution? eCapital quickly releases working capital from outstanding invoices so you have the money you need to take care of your business.
The quickest way to get the cash you need.
Terms designed for you.
Expertise to maximize working capital.
Invoice factoring is the fastest way to raise working capital by unlocking the cash in your unpaid invoices. Don’t wait 30, 60 or 90 days to get paid. Get the cash flow you need, when you need it with our invoice factoring solution.
It’s quick and easy to get started.
Use our online portal to submit invoices for payment.
Receive your funds same day.
Invoice factoring is a financial transaction and a type of debtor finance. In an invoice factoring agreement, a business sells its accounts receivable (invoice) to a third party (called a factor) at a discount. A company will often factor its receivable assets to meet its present and immediate cash needs versus waiting for payment based on original contract terms. Factoring invoices is also used to mitigate credit risk.
Factoring is also referred to as accounts receivable factoring, invoice factoring and sometimes erroneously accounts receivable financing. Accounts receivable financing is actually a form of asset-based lending (ABL) utilizing a company’s accounts receivable as collateral.
A factoring company buys a business’ unpaid invoices in return for a factoring fee which is deducted once the full payment has been collected from the customer. A factoring company enables businesses to release cash by purchasing their invoices at a discount.
Most factoring companies are recourse arrangements, which means that you will be responsible for any unrecoverable invoices.
When it comes to all things factoring, we at eCapital are long-time experts in the field as an award-winning factoring company. Below is a list of useful resources to learn more about factoring your invoices:
Generally speaking, invoice factoring facilities are best suited to companies that sell to other businesses on credit terms, and turnover more than $50,000 a year.
Invoice factoring can be used by any industry that sells products or services to another company, but in particular, industries that suffer cash flow problems due to the nature of their business.
Industries that experience high production costs, seasonal sales slow downs, slow paying clients, experience unexpected growth and other unpredictable costs affecting their day to day operational cash flow use factoring as a non debt solution to their cash flow problems.
These industries will include (but are not limited to) trucking companies, staffing agencies, manufacturing, construction and service industries.
When it comes to all things factoring, we at eCapital are long-time experts in the field as an award-winning factoring company. Below is a list of useful resources to learn more about factoring your invoices.
Manage your money your way. With eCapital Connect, our proprietary account management software, you are in control of your finances at anytime, day or night.
Our rates are the most competitive in the industry. We know what it takes to maximize your working capital and will customize a solution to meet your needs.
We’re ready and able to provide the funding your business needs now and into the future. As your business grows, so does the invoice financing available to you.
We understand that working capital is critical to your business operations. We’re pros at onboarding new clients and our account management team is here for you every step of the way.
We believe in transparency in all we do. That means no surprises when it comes to our agreements.
Tap into our in-depth industry knowledge to better manage your business. Get smart, actionable advice and useful tips from our finance experts.
“The communication and support has been outstanding. Providing me with all the information I needed regarding new clients coming onto our books. The system they use is so user friendly and the drawdown payments are very efficient in the fast moving world of temporary payroll.”
Your business demands a constant source of money. That’s why eCapital provides the best invoice factoring in the industry with the most money, in more ways than anyone else. Plus, the lowest factoring rates and best service from experts who understand the needs of transportation companies & small businesses.
Invoice factoring is a financing solution that allows your small business or medium sized business to release cash against your outstanding customer invoices before they’ve been paid. Factoring invoices is the fastest way to improve cash flow to your business bank account. Some of the reasons business use invoice factoring are to:
No. With invoice factoring, you are selling an asset (unpaid invoices) to quickly release working capital, and the invoice factoring company would be responsible for collecting the unpaid invoices.
Factoring services are a financial solution for businesses who trade with other businesses.
Invoice factoring is quick and easy to set-up! We’ll reach out within 24 hours of you contacting us. That’s why our clients like working with us. We don’t hang around.
Costs (factoring fees) are dependent on the invoice factoring services you use and the amount of invoices and invoice amounts we handle for you. We want to earn your business and offer extremely competitive rates. Contact us today for a free, no-obligation quote.
In a traditional environment, a company or small business owner will borrow money in the form of a cash advance from a lending institution and pledge collateral to secure the bank loan. Over time, the company or individual will work to pay this loan back with interest. Depending on the loan structure, payments may be due monthly, starting immediately, or the full principal and interest will be due at some specified date in the future.
Invoice factoring, by contrast, uses your existing invoices as collateral. If you have outstanding invoices due from your customers, you can sell those invoices to a third party for a discount. You’ll get an immediate injection of cash, and your customers will pay their invoices directly to the third party for goods and services.
Since invoice factoring does not cause your company to incur any debt, it can actually increase your credit score through consistent cash flow and financial stability.
