Running a business often comes with one major challenge: cash flow. Even profitable companies can struggle when payments from clients are delayed, leaving them without the funds needed to cover payroll, purchase materials, or seize growth opportunities. If you’ve ever asked yourself, “How can I get money for my business?”, there’s a financial solution that many companies overlook: invoice factoring.
What Is Invoice Factoring?
Invoice factoring is a financial service that allows businesses to sell their unpaid invoices to a factoring company — like Single Point Capital — in exchange for immediate cash. Instead of waiting 30, 60, or 90 days for clients to pay, businesses can access most of the invoice’s value upfront, giving them the working capital needed to maintain operations and grow.
Unlike loans, factoring doesn’t create debt on your balance sheet. It’s a cash flow solution that turns invoices into money quickly, helping your business stay agile and financially secure.
How Selling Unpaid Invoices Works
The factoring process is simple and fast:
Submit Your Invoices: After completing services or delivering goods, send your unpaid invoices to Single Point Capital.
Get an Advance: Once approved, you can receive an advance of up to 98% of the invoice value, often within 24 hours.
Collections Managed for You: Single Point Capital can handle collections or provide support, reducing the administrative burden on your team.
Receive the Remaining Balance: When your client pays the invoice, the remaining balance is released to you, minus the factoring fee.
This process provides instant cash flow, reduces financial stress, and allows your business to focus on what it does best — serving clients and growing revenue.
Industries That Benefit From Factoring
Invoice factoring is versatile and can be customized to meet the unique needs of different industries. Here’s how businesses across various sectors benefit:
1. Transportation
Owner-operators and trucking companies often face long payment cycles from shippers. Factoring ensures that drivers and carriers receive fast funding, covering fuel, maintenance, and payroll without delays.
2. Staffing Agencies
Staffing businesses frequently pay employees before clients settle invoices. Factoring provides immediate liquidity, allowing agencies to pay their workforce on time and take on new clients without worrying about cash shortages.
3. Manufacturing & Distribution
Manufacturers and distributors dealing with large orders and long-term contracts can use factoring to manage operational expenses, purchase raw materials, and scale their production. Working capital becomes predictable, even when client payments are delayed.
4. Oil and Gas
The energy sector is notorious for extended payment terms and high operational costs. Oilfield companies can convert invoices into cash to cover payroll, equipment, and transportation, ensuring smooth operations in a volatile market.
Benefits of Using Invoice Factoring
Factoring offers several advantages beyond just immediate cash:
Quick Access to Capital: Receive funds within 24–48 hours.
Improved Cash Flow Management: Maintain steady operations regardless of client payment cycles.
No New Debt: Factoring is not a loan, so it doesn’t add monthly payments or interest to your books.
Flexibility & Scalability: As your business grows, factoring can scale to support larger invoice volumes.
Reduced Administrative Burden: Collections support helps you save time and resources.
Why Choose Single Point Capital?
At Single Point Capital, we specialize in factoring solutions tailored for businesses in transportation, staffing, manufacturing, distribution, and oil and gas. Our team understands the unique challenges of each industry and works with you to provide fast, reliable funding that keeps your operations running smoothly.
With Single Point, you get:
Dedicated account representatives
Same-day funding for approved invoices
Fuel advances and fuel card for transportation clients
Customized solutions that grow with your business
Take Control of Your Business Finances Today
If you’ve been asking, “How can I get money for my business?”, invoice factoring is a fast, flexible, and reliable solution. By selling unpaid invoices to Single Point Capital, you unlock working capital, reduce financial stress, and gain the freedom to focus on growth.
Don’t let delayed payments hold your business back. Contact Single Point Capital today to learn how factoring can give you the cash flow you need to thrive.