Your credit score and credit history aren’t considered for factoring. Factoring gives you the cash, and FundThrough gives the confidence to bid on more jobs. There is no need to turn away work because you don’t have the cash reserves to sustain your business and pay your expenses until invoices are paid. Factoring with an industry leader like FundThrough gives you the working capital you need to grow your business. Your selected invoices can be approved and paid in a matter of days, giving you access to needed funds. FundThrough advances up to 100% of the expected net collectible value of your selected invoices. Factoring can help, and it comes with several key benefits. Cash flow is stifled, and the working capital needed to grow your company is held up. That means that 1 in 10 invoices are not paid on time. Holding receivables on the books for months cost small and mid-sized transport businesses as much as $3 trillion annually, according to Sage, a market leader for integrated accounting systems located in Atlanta, Georgia. Or if you do, interest rates and terms are unfavorable.
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