Are unpaid invoices holding your business back from its next growth opportunity? Discover how successful companies are using professional invoice factoring services to turn their accounts receivable into immediate working capital.
The Cash Flow Challenge
Every growing business faces it at some point: the gap between delivering your product or service and getting paid. When you’re waiting 30, 60, or even 90 days for payment, but payroll, suppliers, and growth opportunities need attention now, there’s a better growth solution than traditional bank lines of credit – invoice factoring services.
What is Invoice Factoring?
Invoice factoring is a powerful financial solution that converts your unpaid invoices into immediate working capital. Unlike traditional bank loans that focus on your company’s credit history or financial ratios, factoring looks at your customers’ creditworthiness—making it an accessible option for growing businesses.
Consider UFT Canada’s journey: Despite having contracts with industry giants like Polartec, Nike, and The North Face, traditional banks wouldn’t support their growth without two years of financial statements. Through professional invoice factoring services, they transformed from a three-person startup into a thriving business with 22 employees and projected revenues of $5.7 million.
How Invoice Factoring Works: A Simple, Straightforward Process
- You Conduct Business as Usual: Sell your products or services to other businesses and issue the invoices
- Submit Your Invoice: Send the invoice to Capitally
- Receive Immediate Funding: Get up to 75% or more of the invoice value within a day or two
- Customer Payment comes in: Your customer pays Capitally directly
- Final Settlement: Receive the remaining balance, minus applicable fees
The Capitally Advantage
Local Expertise
- Work with local experts who understand your market
- Benefit from international transaction support, as demonstrated in UFT’s European expansion
Flexibility
- No lengthy contracts or termination fees
- Transparent pricing without hidden charges
- Quick access to working capital when opportunities arise
Complete Transparency and Control
- 24/7 online access to your account
- Real-time visibility of invoice status
- Access to all supporting documents
- Detailed collection notes and payment tracking
- Professional receivables management
Added Security
- Affordable credit insurance included
- Minimized business and personal guarantees
- Professional credit risk management
Qualification Requirements: Simpler Than Traditional Financing
To qualify for invoice factoring services, you need:
- Business-to-business (B2B) or business-to-government (B2G) invoices
- Creditworthy commercial customers (for the amount of credit granted to them)
- Clean accounts receivable (unencumbered by liens)
- Valid invoices for completed work or delivered goods
Unlike traditional bank loans, we don’t require:
- Extended business history
- Perfect credit scores
- Substantial assets
- Accountant audited or reviewed financial statements
Real Results from Real Businesses
As UFT Canada’s CFO Steven Lee noted, “The banks wanted to see at least two years of financial statements. Having products that were in high demand wasn’t enough and they wouldn’t touch us.”
Through invoice factoring, UFT gained:
- Payment within 48 hours instead of 60-day terms
- Ability to increase production
- Support for international growth
- Strategic guidance for expansion
- Working capital for facility upgrade
Is Invoice Factoring Right for Your Business?
Consider invoice factoring if you:
- Need working capital for growth opportunities
- Have reliable commercial customers but long payment terms
- Want to improve cash flow without taking on debt
- Are looking for a flexible financing solution
- Need quick access to capital
Taking the Next Step
Ready to turn your receivables into working capital? Here’s how to get started with our invoice factoring services:
- Schedule a Consultation: Connect with our local financing experts
- Review Your Options: Get a customized factoring solution
- Get Set Up: Access working capital now!
Don’t let unpaid invoices slow your business growth. Contact Capitally today to discover how invoice factoring services can accelerate your success.
