Invoice Factoring

Benefits of Invoice Factoring for Small Businesses

If your business needs a way to cover expenses before customers pay, invoice factoring loans may offer the funding you need. Also known as accounts receivable loans, these financing options offer the following:

• Improved cash flow: Access funds from outstanding invoices to help with long payment cycles and cash flow gaps.
• Debt-free loan options: Choose alternative, accounts receivable loans that don’t add debt to your balance sheet.
• Enhanced working capital: Use the loan to buy inventory, keep your operations running or expand your business.
• Scalable financing options: Feel confident scaling your business with an available financing option that grows with you, eliminating the need to ask for higher credit lines or apply for more loans.
• Efficient receivables management: Shift the responsibility of collecting payments to a third party so you can save valuable time and focus on other aspects of your business.

How Do Same-Day Invoice Factoring Loans Work?

Whether you need funds to buy project materials or pay employees before a job’s due date, SpringFi is ready to help you accomplish your goals. We provide an easy, efficient way to apply for invoice factoring options.

Step One: Submit Your Application

Spend a few minutes completing our online form. We don’t charge fees or provide obligations to determine your eligibility. Typically, we ask you to submit the last four months of your business bank statements. Once you submit your application, one of our experts will contact you to see if you have any questions.

Step Two: Review Your Options

Our underwriting team will review your application and financial statements to make a decision. Typically, you’ll receive a decision within four to 10 hours. When you receive your offer, one of our professionals can answer any questions you have and help you choose a loan that’s best aligned with your requirements.

Step Three: Receive Your Funds

Once you’re approved and choose the loan option you want, you can expect financing in as little as 24 to 48 hours. We don’t provide usage restrictions for the funds — you can spend the funding as you see fit. Our fast process lets you focus on your growing business instead of chasing payments. Enjoy having more cash on hand to keep your operations running smoothly.

Who Do We Serve?

SpringFi is proud to partner with many businesses, from accounting firms to construction companies and home improvement contractors. Check out the list of over 30 industries we serve to see if we’re a good fit for you.

When you work with us, you can enjoy having a partner that’s invested in your success. We use our tools and resources to help you explore your financing opportunities and make informed decisions.

Why Choose SpringFi?

As a business seeking funding, we know you have many options. Here’s why it makes sense to work with SpringFi for your financing needs.

Speed and Transparency

We fast-track your funding, keeping you fully informed throughout the process.

Honesty

If we can’t help, we’ll tell you and point you to someone who can.

Security and Privacy

We guard your information like our own, using encryption for every sensitive detail.

Diligence

We leave no stone unturned when it comes to finding the best terms for your funding.

Get Working Capital to Meet Your Business Needs

Skip the long waiting periods and get a decision quickly. SpringFi offers fast reviews and funding times to help you stay on top of things. Have peace of mind buying materials, investing in new equipment and putting paychecks in your employees’ hands. We help you get the cash you need to keep your operations running smoothly and efficiently.

Want to learn more about our invoice factoring costs? Call 929-460-9727, message us or submit an application to get started.