Sell your unpaid invoices and get cash now instead of waiting 30, 60 or 90 days. Compare invoice factoring offers from multiple factoring companies.
Check My Eligibility →Invoice factoring lets you sell unpaid invoices to a factoring company in exchange for an immediate advance — typically 80% to 95% of the invoice value. The factoring company collects from your customer and pays you the remaining balance, minus a fee, once the invoice is settled.
Factoring is popular in freight and trucking, staffing, manufacturing and construction, where slow-paying customers create constant cash flow pressure. Through BidMyCapital you can compare factoring offers across multiple companies.
You sell unpaid invoices that are already owed to you by creditworthy customers.
Receive 80% to 95% of the invoice value within 24 to 48 hours.
The factor collects payment and sends you the balance minus a fee.
Factoring fees are a percentage of the invoice value, typically 1% to 5% depending on invoice volume and how long your customers take to pay. Faster-paying customers mean lower total fees. There are no ongoing interest charges — it is a one-time fee per invoice.
You must invoice other businesses or government entities, not consumers.
Approval is based on your customers' payment history, not your credit.
Personal credit is rarely the deciding factor in factoring.
Invoices must represent real, deliverable work.
Factoring sells the invoice to a funder who collects from your customer. Invoice financing (a line) borrows against invoices while you keep collecting them yourself. Both release working capital tied up in receivables.
Yes. Factoring underwrites your customers' creditworthiness, not your own, which makes it one of the most accessible funding options for bad-credit businesses.
With recourse factoring you buy back unpaid invoices after an agreed period. Non-recourse protects you from customer non-payment under defined conditions — and costs more.
Yes. Freight factoring advances against loads already delivered, and many factors specialize in trucking with fast same-day funding for approved carriers.
Once approved, most advances land within 24 to 48 hours of submitting invoices — and often same-day in freight factoring.