Frequently Asked Questions

Invoice factoring, also called accounts receivable factoring, is a type of financing that allows businesses to get cash up front for outstanding invoices.

Step-by-step, the invoice factoring process is straightforward: 1) A business sells its goods or services to a creditworthy business. 2) The business presents the invoice(s) to Porter Caital. 3) Within 24 hours the business receives up to 90% of the invoice(s) as cash. 4) The customer pays the invoice(s) and the business receives the remaining 10% minus a small factoring fee.

Porter Capital offers financing to a variety of businesses nationwide. The primary industries we serve are staffing, manufacturing, distribution, service, oil and gas, transportation, technology, and government contracts. We specialize in serving businesses engaged in business-to-business (B2B) transactions, where products or services have been delivered and invoiced to clients on terms ranging from net 30 to net 120.

We assist startup businesses in the growth or expansion phase. These startups have already acquired customers, are actively expanding their customer base, generating revenue, and scaling their operations to increase market share. Additionally, we also work with established businesses that are experiencing growth or navigating challenging times, whether due to current setbacks or historic losses.

Once your paperwork is submitted, financing is normally approved within 24 hours.

Costs are dependent on the number of invoices submitted and the services Porter Capital handles for your business. We offer free quotes to all potential clients.

Porter Capital offers financing nationwide and can also work with foreign owned U.S. subsidiaries.

Yes, once your business issues an invoice to another business, we can provide funding. We assist startup businesses in the growth or expansion phase. These startups have already acquired customers, are actively expanding their customer base, generating revenue, and scaling their operations to increase market share.

No, you can submit a portion of your invoices based on the financing needs of your business.

Your business can submit invoices whenever cash is needed.