Invoice factoring converts your unpaid invoices into immediate working capital. Instead of waiting 30, 60, or 90 days for customers to pay, a factoring company buys your receivables at a discount and advances you cash within 24 to 48 hours.
Invoice factoring
Invoice factoring is a receivables sale, not a loan. You sell your outstanding invoices to a factoring company at a discount, receiving 70 to 90 percent of the invoice value upfront. The factoring firm collects payment directly from your customer, then remits the remaining balance minus their fee. No monthly payments exist because you're selling an asset, not borrowing. Athens businesses with strong customer credit but thin cash reserves use factoring to cover payroll, fuel, inventory, and subcontractor costs while waiting on slow-paying clients.
Invoice factoring
Qualification hinges on your customers' creditworthiness, not yours. Startups, companies with past credit problems, and fast-growth operations qualify as long as their invoices come from creditworthy commercial or government clients. Factoring companies for trucking companies and the trucking industry scrutinize freight brokers' payment histories. Staffing agencies serving University of Georgia departments or local manufacturers like Eaton's Athens plant often meet criteria because those clients pay reliably. You need verifiable invoices, clear payment terms, and customers willing to redirect payment to the factoring co.
Invoice factoring
Trucking fleets based along the Highway 316 corridor use factoring company trucking services to cover diesel and maintenance between hauls. Staffing firms supplying temporary labor to Athens-Clarke County construction projects factor receivables to meet Friday payroll. Manufacturing suppliers shipping parts to regional OEMs factor invoices to buy raw materials without waiting 60 days. Service contractors working on multi-phase commercial builds factor progress invoices to keep crews working. Any business with a B2B or B2G invoice stream and a cash-flow gap benefits.
How it works
Call (706) 963-2915 or visit our office at 1551 Jennings Mill Rd, Bogart, GA 30622 to discuss your receivables. We'll review your customer list, invoice aging, and monthly volume, then connect you with factoring firms that specialize in your industry. Application takes one to two days. Approval depends on your customers' credit, not your balance sheet. Once approved, you submit invoices as you generate them and receive advances within hours. We serve Athens and surrounding areas including Winterville, Hull, Bogart, Watkinsville, Nicholson, Colbert, Arnoldsville, and Crawford.
Hazelcrest Group also brokers working capital loans, equipment financing, and business lines of credit. Compare all financing options on our Athens hub page.
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