What is Factoring

What is Factoring

Track Your Business Growth

Email

cash@xfactors.net

Phone

(816) 220-1700

Factoring Explained

Instant Cash Flow Solutions

What is Factoring?

Factoring is a financial transaction where a business sells its accounts receivable invoices to a third party, known as a factor, at a discount. This helps businesses access cash quickly by converting outstanding invoices into immediate funds. Often used to meet short-term cash needs, factoring enables companies to maintain their operations while waiting for customer payments. The factor assumes the responsibility of collecting payments from customers. This process helps businesses improve their cash flow and avoid the delays associated with traditional invoice payments.

So what is Factoring to a Trucker?

Factoring provides unlimited capital and immediate cash flow for your business, eliminating the need to turn away business due to cash flow issues. With XFactors, as your sales grow, more money becomes available to you, and the faster you deliver, the faster you get paid. Factoring leverages your customer’s credit, meaning you don’t have to meet the credit criteria required by banks or other lenders. If your customers are credit-worthy, you can factor with us. Unlike traditional methods where you wait 30, 60, or even 90 days to collect invoices, factoring with XFactors means we immediately pay you upon delivery and handle all the freight bill paperwork.

Cost Efficiency

Save Time, Money, and Resources

Waiting 30, 60, or 90 days to get paid can cost your business valuable time and resources. Managing office tasks, processing payments, and verifying customer credit are all time-consuming and expensive. With XFactors, we handle everything from addressing envelopes and mailing invoices to depositing checks and providing clear, computerized reports. All of this is included in your factoring fee, saving you time and money. And with our Non-Recourse Factoring, if a customer fails to pay, you’re protected, ensuring no additional financial burden on your business.

Effortless Payment Handling

Simplifying invoicing, payments, and collections.

Full Financial Protection

Secure your business with non-recourse factoring.

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What Our Clients Say

As a small business owner, I need to ensure my cash flow is steady. XFactors provides quick funding without all the complex terms. Their flexible approach to factoring makes everything hassle free. I’ve seen a significant improvement in my operations.

James Owner-Operator

XFactors has been a game-changer for our business. Their fast payments and clear terms have made managing cash flow so much easier. The team is always reliable and supportive, allowing us to focus on growing our operations. I highly recommend them!

Sarah Trucking Company Owner

Working with XFactors has been a fantastic experience. They’re transparent, and their funding is fast. With no hidden fees and the ability to factor only when needed, it’s made my business much more efficient. Truly a trusted partner for growth.

Daniel Two Truck Owner Operator

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