What Is Factoring?

Factoring is a working capital solution for businesses that issue invoices with payment schedules of 30, 60, or even 90 days.

Single Point Capital provides factoring services, and we will purchase unpaid invoices in exchange for cash, and funds will be made available to your business within a single day. Invoice factoring is used by businesses across all industries for:

  • Boosting cash flow
  • Building up working capital
  • Rapid growth
  • Rightsizing uneven revenue cycles
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How Factoring Works

Factoring from Single Point Capital is fast and easy. Unlike traditional lenders, our factoring services do not have long processing times, arbitrary board decision, or high requirements for approvals. Best of all, factoring will not place debt on the balance sheet and businesses can preserve their credit ratings.

3-Step Factoring

Step 1: Sign up for a free account with Single Point Capital. Once approved, you will have access to our online tools where you can check the creditworthiness of your clients and make informed business decisions about which invoices you want to factor.

Step 2: Perform your contractual obligations and submit invoices to Single Point Capital. We will process those invoices and notify your clients that payments will be made to us.

Step 3: Get paid! With fast processing times, Single Point Capital will process your receivables and give you a payout within a single day, less our fee. We can deliver cash via wire transfer or any other standard method you prefer.

Grow Your Business with Factoring

Factoring boosts your cash flow so you can grow your business. Factoring helps businesses to:

  • Take on larger client accounts
  • Purchase equipment and hire additional staff
  • Build up capital for increased purchasing power
  • Take advantage of growth opportunities

Streamline the Accounting Process

Factoring helps to automate the accounting process by freeing up time and other resources. By factoring receivables, your business will no longer have to track unpaid invoices across multiple client accounts. Because we can deliver funds for factored invoices within a single day, you will never have to perform collections because receivables never get a chance to age out of their payment schedules. You will be able to focus on running and growing your business instead of chasing after payments from your clients.

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Improve Business Finances

Factoring services from Single Point Capital can help improve your business finances so you are not constrained by tight cash flow. Since factoring is a debt-free solution, businesses that use our factoring services preserve and build their credit ratings. Factoring helps to improve business finances by allowing companies to:

  • Stay current with both creditors and suppliers
  • Establish terms of payment with suppliers
  • Get quarterly payroll taxes under control
  • Meet payroll without placing further strains on cash flow
  • Reduce or eliminate the need for short-term loans

Get Started with Single Point Capital

Boost your cash flow with factoring from Single Point Capital. Our team will work with you to understand the needs of your business, and provide personal service to ensure receive the best service possible. Factoring from Single Point Capital offers competitive rates, no hidden fee, and solutions that can be scaled to your business to encourage growth and long-term success. Contact the team at Single Point Capital to get started today.