FAQ

Question 1

What is invoice factoring?

Accepted Answer

Invoice factoring is a financial transaction where a business sells its accounts receivable (invoices) to a third party (a factor) at a discount. This gives the business immediate cash instead of waiting 30–90 days for customers to pay.

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Question 2

How fast can I get funded?

Accepted Answer

Once approved, you can receive funds in as little as 24 hours. The initial setup typically takes a few days, but after that, funding is very fast.

Question 3

What types of businesses qualify?

Accepted Answer

Any business that invoices other businesses (B2B) can qualify. We work with trucking companies, staffing agencies, manufacturers, distributors, service companies, medical providers, and many more.

Question 4

Do I need good credit to qualify?

Accepted Answer

Your personal credit is less important than your customers' creditworthiness. Since we are buying your invoices, we look primarily at the credit quality of the businesses that owe you money.

Question 5

How much does factoring cost?

Accepted Answer

Factoring fees vary based on your industry, invoice volume, and customer creditworthiness. Fees typically range from 1–5% of the invoice value. Contact us for a free, no-obligation quote.

Question 6

Do I have to factor all my invoices?

Accepted Answer

No. Many factoring arrangements allow you to choose which invoices to factor. You have flexibility to factor only the invoices you need to convert to cash.

Question 7

What is the difference between factoring and a bank loan?

Accepted Answer

A bank loan adds debt to your balance sheet and requires repayment with interest. Factoring is not a loan — you are selling an asset (your invoice). There is no debt, no monthly payments, and approval is based on your customers' credit, not yours.

Question 8

Do you serve businesses outside Oklahoma?

Accepted Answer

Yes! We serve businesses across the entire USA and Canada. Location is not a barrier — we can work with you wherever you are.

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