Commercial service factoring is a type of financing that allows service providers (like you) to sell unpaid invoices to a factoring company (like us) for quick access to cash. This way, you can improve your cashflow and avoid waiting for your clients to pay them.

Any service provider that issues invoices to commercial clients on credit terms. This includes accounting and bookkeeping services, advertising and marketing agencies, architectural and design services, consulting services, event planning and management, legal services, real estate services, travel and tourism agencies, and more!

If your clients don’t pay the invoices, either your business (in recourse factoring) or the factoring company (in non-recourse factoring) will assume the responsibility of collecting the payments and bear the risk of non-payment.

Most factoring companies charge a factoring fee between 1% to 5% of the invoice value. Some companies may also charge additional late payment fees or service fees. However, the exact value will depend on your agreement with the invoice factoring company.

During the collection process, we will first notify your clients that their outstanding invoices have been assigned to us and that they should make payments to us directly. We will also contact them to remind them of the due date and the payment details.

Once we receive the payment, we will update the account status for the invoices. During this process, you can track and monitor updates through our 24/7 online portal.