Making payroll while invoices sit unpaid
Sell those receivables and the cash is here now, instead of arriving after payday has already gone out.
Invoice Factoring Tool
Who it's for
B2B businesses with outstanding invoices from creditworthy clients.
Typical amounts
$10,000 – $3,000,000
Terms
Ongoing facility
Requirements
B2B invoices
Requirements
Creditworthy customers
Requirements
3+ months in business
You already earned the money. It is sitting in someone else's accounts payable, waiting out a net-60.
What it helps
When factoring is the right fit.
Taking on a contract bigger than your cash on hand
Factoring can fund materials and labour against invoices from customers who are good for the money.
Smoothing clients who pay slowly
When customers take their time and suppliers do not, an ongoing facility keeps the gap from turning into a crisis.
Growing without taking on more debt
Factoring is a sale of invoices, not a loan. It brings cash in without adding a repayment to the balance sheet.
Process
Three steps to get funded.
01
Apply in minutes
Fill out one short online application. Tell us what your business does and how much funding you need.
You provide: six months of business bank statements, a photo ID, a voided check, a list of any current advances or loans, and the invoices you want to sell.
02
Talk to a specialist
A Falcon specialist reviews your file, looks at who owes you the money and walks you through your options.
You get: a call about which invoices qualify, the discount that applies and the timing, before anything is signed.
03
Approve and get funded
Once you are approved, review and sign your agreement. Timing depends on the invoices and how quickly documents are provided.
You see: the discount and the amount you will receive, both spelled out on the agreement.
FAQ
Invoice factoring questions
No. Factoring is the sale of your receivables at a discount. Approval leans heavily on the creditworthiness of your customers.
Outstanding B2B invoices from creditworthy commercial or government customers are the strongest fit.
It can be ongoing. Many businesses use factoring as a continuing facility that grows with their sales.
Falcon charges a 0% agreement fee. Factoring is priced as a discount on the invoices you sell, which your specialist discloses before you sign. No specific rate is published on this page.
Timing depends on the invoices and how quickly you send your documents. Your specialist will tell you what to expect for your file.
Six months of business bank statements, a government-issued photo ID, a voided check, a list of any open advances or loans, and the outstanding invoices you want to factor.
When factoring isn't the right fit.
Factoring is priced against your invoices and your customers, so it only works when those two things are strong. Here are three situations where another Falcon product fits better.
If you sell to consumers, not businesses
Factoring needs outstanding B2B invoices from creditworthy commercial or government customers. Consumer sales do not qualify.
Merchant Cash AdvanceIf your customers already pay you quickly
There is little point selling an invoice that was about to be paid anyway. A line of credit covers a short gap without discounting the money you are owed.
Business Line of CreditIf you need money for something other than waiting on receivables
When the cost is a purchase or a project rather than a timing gap, a term loan spreads it over a schedule you choose.
Business Term LoanFrom the blog
