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Invoice Factoring / Factoring

Are late customer payments creating cash flow problems for your small business?

Invoice factoring may be able to help you. This financing method allows small businesses to receive an advance on money already earned.

Get approved for invoice factoring from Nexi by applying online.

What is Invoice Factoring?

Get your invoices paid faster

Late customer payments are a major reason why businesses and startups face cash flow problems. But with invoice factoring, small businesses receive quick payment for their customer invoices—often in days or even hours, versus weeks or months.

Simply put, with invoice factoring, the business “sells” its unpaid invoices to Nexi, who then take over the task of collections. Businesses receive a percentage of the invoiced amount up-front. Then, when Nexi collects full payment from the customer, the business receives the remaining amount—minus a small “factoring fee.”

Ultimately, invoice factoring offers businesses a way to turn their unpaid accounts receivable into fast cash. As such, it’s an ideal alternative financing option for companies that regularly have many invoices outstanding, and whose cash flow suffers because of it.

How Does Invoice Factoring Work?

Get approved today for invoice factoring with an alternative financing firm like Nexi.
Here’s what you can generally expect:
  1. “Sell” unpaid invoices to Nexi

  2. Receive bulk of the invoiced amount immediately

  3. Customer pays Nexi directly

  4. Receive remaining invoice amount from Nexi, minus a factoring fee

Benefits of Invoice Factoring for Small Business Owners

More predictable cash flow

Get paid immediately for invoices you issue customers. No more worrying about waiting weeks or months to receive full payment. And no more sudden dips in available funds due to late payments. Ultimately, invoice factoring provides faster funding for improved cash flow management.

Financial flexibility

Unlike some loans or leasing agreements, you are not obligated to spend funds only on approved items. Rather, you can use this extra capital however you please. As such, invoice factoring is one of the most flexible funding options for small businesses to boost their working capital.

Unlock revenue without taking on debt

Invoice factoring is not a loan. Therefore, it’s a great option for small businesses and startups who want to access working capital without the worries of debt, long-term commitments, or credit score impacts. Easy and straightforward, all you have to do is pay out a “small factoring fee” for each transaction.

Eliminate invoice-chasing headaches

While large corporations can afford to hire an in-house team for credit control, small business owners don’t often have the resources to do so. But with invoice factoring, professional agents manage overdue accounts—freeing up more time for owners to focus on other business objectives.

Support business growth

As your business grows ever bigger, it’s important to ensure funds are available right away. Invoice factoring can provide that in-the-moment capital injection for not only maintaining operations but also honoring new service contracts and investing in future demand—allowing your small business to always stay one step ahead of success.

High likelihood of approval

With invoice factoring, small business owners don’t need to worry if they have a questionable credit score or little collateral. That’s because approvals are based on their customers’ creditworthiness. The result, faster and easier access for business owners who might not otherwise have had an easy path towards funding.

Invoice Factoring Terms & Qualifications

  • Borrow up to $1,000,000

  • Factor rates as low as 1.25%

  • Application approval within 24 hours

  • Receive funding within 24 hours of approval

To qualify for invoice factoring with Nexi, small businesses must have:

  • At least 6 months in business
  • $100,000 in annual revenue

What you’ll need to provide:

  • Basic information about you and your small business
  • Basic information about your invoices
  • Bank connection or 3 months of your most recent bank statements
  • Connection to business accounting software (e.g., Quickbooks, Xero, etc.)

Apply for Nexi Invoice Factoring Today

With Nexi, the road to responsible alternative funding is simple and fast:

  • Complete this 3-step online application form. 
  • Receive approval within 24 hours (often as little as 3-4 hours).
  • Submit documentation, as requested by Nexi.
  • Receive direct deposit from Nexi.