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Reliable Funding
Invoice Factoring for B2B Companies
We handle clients nationwide in a variety of industries. Those companies can be start-ups, highly leveraged operating companies, businesses with historical or operating losses, negative tangible net worth, delinquent tax obligations or guarantors with “storied” credit situations.
For Small Businesses
Banks require good financial history and sufficient collateral to extend a small business the funding it needs. Invoice factoring concentrates on the quality of a business’ outstanding receivables instead of its financial background.
For Startups
Banks are reluctant to finance companies that have not been around long enough to establish a credit history. Factoring companies don’t care about your credit background. If your start-up has creditworthy customers from B2B sales factoring can help.
For Entrepreneurs
Balanced use of factoring and bank funding will allow your company to remain successful for a long time. You should consider including invoice factoring as part of your entrepreneurial business' financial plan.
For Growing Companies
If your business is growing so fast that you are outpacing your cash flow, a factoring company can help stabilize your cash position. Factoring perfectly supports your working capital needs when your bank is unable to offer any further funding.
Do You Need Cash Flow?
Invoice Factoring is the Solution
When your business is in need of cash, the best solution is to partner with a factoring company
Why? Because invoice factoring is a great alternative to traditional financing options when you need a quick infusion of funds to meet payroll, pay suppliers, expand your business, obtain a sizable discount, cover seasonal fluctuations, hire staff, buy new equipment, etc. A number of reasons.
The concept behind the use of an invoice factoring company is not new. The company basically purchases your receivables and provides funds to you immediately. This practice has been used successfully for generations by transportation companies, manufacturers, and distributors, and others who frequently have a gap between when they get paid and when they must pay their own receivables.
Many businesses turn to banks for funding. But research shows banks are cutting back on their loans to small businesses in pursuit of other sources of revenue such as home lending or credit cards. Even if you do manage to get the attention of a banker, the delay in red tape and bureaucracy could be stifling and costly if funds are not allocated on time.
The major advantage of using an invoice factoring company is speed. Regardless of your current financial situation, personal credit history, or time in business, a company such as Odyssey Business Credit can help you gain working capital from your unpaid invoices. The main asset that you need is creditworthy customers with a history of paying on time.
Accessible and Simple Funding
The application process is simple. Simply send us a copy of your invoices along with supporting documents. We have a low-key procedure to check the credit history of your customers to determine which invoices meet our criteria for purchase. Generally, within three business days, you will be comforted in knowing you have cash available to support your operation.
During the normal course of business, customers will still make checks payable to your business. But they will be mailed to a special lockbox. We will keep you fully informed of all payments at any time and our computerized system gives you immediate access to reports on all invoices sold, invoices collected, your reserve balance, and other necessary data.
Competitive Rates & Fast Funding
We Are The Best Option for Your Business
Get the personalized consulting you need from an invoice factoring company that is professional, experienced, courteous and dedicated to your success.
Dedicated Account Representatives
Direct Access to Decision Makers
Confidential Process
When looking for factoring for small businesses, how do you determine which factoring company to choose?
There are many invoice factoring companies in existence. Some old, some new. Some large, some small. One of the major items you should consider is which company is dedicated to providing the most confidentiality they can to assure your best customers that your operation is solvent and running smoothly.
That’s where our company is a leader. Our professional staff is trained and experienced in factoring for small businesses transparently. Our account representatives process your invoices in a manner that is discreet and creates the least amount of interaction with your customers as possible. We treat your staff and your clients with the utmost respect. We also have proprietary technology that makes any interaction with your customers seamless and barely noticeable.
Focus on what’s Imporant
Let’s talk about improving your business' cash flow
For factoring please submit the form below. You will be connected to an underwriter who will help you find the customized solution you need. Upon receipt of closing documents, generally within just 24 hours, funds will be wired directly to your account so you have the money you need when you want it.
