Invoice Factoring (also called A/R Financing or Invoice Financing) is the process of purchasing commercial accounts receivable (invoices) from other businesses (B2B), government agencies (B2G) or (B2C) from your clients at a discount.
The business then uses the funds advanced by an invoice factoring to support their working capital needs.
Latter Financial Group offers two types of factoring lines:
Notification and Non-Notification
Notification Factoring: $20,000 - $5,000,000
Based more on your client's debtors financial strength (aligned with more traditional factoring)
We send your clients customer a notification letter and verify invoices to confirm payment and invoice details
Higher credit lines, lower rates, and can give a combo offer with Flex if eligible.
Non-Notification Factoring: $20,000 - $200,000
Based on your client's financial strength
No communication with your customer
Lower credit lines, no combo offers
If your business has receivables that you have not been able to get paid on as fast as you want, reach out to Latter Financial Group and leverage your business finances.