Learn how - Invoice Factoring can help you grow your business

Factoring, also known as invoice factoring, is a financial solution that allows businesses to sell their unpaid invoices to a factoring company like our vetted partner providers. Instead of waiting 30, 60, or even 90 days for customers to pay, you can receive a significant portion of the invoice value upfront. This provides immediate cash flow to cover expenses, invest in growth, or manage day-to-day operations.

Get funded, Today.

Don’t let unpaid invoices hold your business back. With Nex Financial’s factoring services, you can unlock the cash you need in as little as 24 hours. Whether it’s covering payroll, purchasing inventory, or investing in growth, we make it easy to turn your invoices into immediate working capital. Apply today and take control of your cash flow—fast, simple, and stress-free!

What is factoring?

What you can expect.

Get access to cash in as little as 24 hours. Just submit the invoices which you want funding and our team will review and process them the same day. You can choose to submit one or multiple invoices, you have total control over funding. If you need more cashflow next month then there is no need to reapply, factoring line of credit grows with you.

We support industries like trucking, manufacturing, staffing, and healthcare. Our factoring services provide the cash flow you need to cover expenses, bridging the gap between invoicing and payment. Solutions are tailored to fit your industry’s needs.

In business you need predictability in cashflow thats why we only work with providers which have history of providing reliable service to our clients. Our experts are always by your side in case you ever need additional support. P.S. We constantly help our existing clients get better rates over time.

We want you to be paid for your work that why we have only partnered with factoring providers which access credit worthiness of your clients. This is to reduce your risk of not being paid. This service gives you peace of mind and helps you work with reliable customers while focusing on growing your business.

Factoring providers do more than just advance cash—they also handle collections for you. They follow up with your customers to ensure invoices are paid, saving you time and hassle. This lets you focus on running your business while they manage the payments.

We’ve carefully selected top factoring providers who prioritize your best interests. This ensures you can confidently streamline your business operations while keeping costs optimized. Our experts work to secure the most competitive fees tailored to your needs, all while ensuring complete transparency.

We’re more than just numbers and paperwork—if you need advice or a friendly chat about your options, don’t hesitate to give us a call. We’re here to help you figure it out!

FAQs

1. What is the difference between factoring and a loan?

Factoring is not a loan. It involves selling your invoices for immediate cash, so you don’t take on debt or impact your credit.

2. How much of the invoice value can I receive upfront?

You can typically receive up to 90-97% of the invoice value upfront, with the remaining balance paid after your customer settles the invoice.

3. Do I need to factor all my invoices?

No, factoring is flexible. You can choose to factor a single invoice or multiple invoices based on your cash flow needs.

4. What types of businesses qualify for factoring?

Factoring is ideal for businesses that issue invoices with payment terms, such as trucking companies, construction firms, manufacturers, staffing agencies, and wholesalers.

5. How long does it take to get approved?

Our approval process is fast, most businesses get signed up within a few days and usually receive cash within 24-48 hours after submitting their invoices.

6. Will my customers know I’m using a factoring service?

Yes, factoring involves notifying your customers, as they will pay the invoice directly to us. However, we handle this professionally to maintain your customer relationships.

7. Are there any restrictions on how I use the cash?

No, the funds you receive from factoring can be used for any business purpose, such as payroll, inventory, or growth initiatives.

8. Can I factor invoices from customers with poor credit?

We assess the creditworthiness of your customers as part of the factoring process. If your customers have poor credit, it may impact eligibility.

9. Is there a minimum or maximum invoice amount for factoring?

We work with businesses of all sizes, so there’s no strict minimum or maximum. Contact us to discuss your specific needs.

10. How much does factoring cost?

Factoring fees vary based on the size of the invoice, the creditworthiness of your customers, and the terms of the agreement. We’ll provide a transparent quote upfront.

3 Steps to Get Funded.

Submit Your Invoices

Send us the invoices you want to factor.

Get Approved

We review your invoices and approve them quickly.

Get Funding

Get up to 97% of the invoice value upfront, typically within 24-48 hours.

Still have questions?

Our team of experts are always ready to help.

Not feeling the English vibes? No worries! Our experts speak Punjabi and Hindi too—give us a shout!