Invoice Factoring That Gets You Paid in as Little as 24 Hours

Porter Capital has funded over $10 billion through invoice factoring, advancing up to 95% of your invoice value at rates starting from 0.4%. Stop waiting for your customers to pay; get a quote and access funding now!

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Why Businesses Choose Porter for Invoice Factoring

35+ years delivering business invoice factoring services to companies nationwide, including factoring for staffing, manufacturing, distribution, and more!

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Invoice Factoring Rates from 0.4%

Compare our factoring rates to an industry where 1% to 5% per month is common, and ours are among the lowest.

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No Hidden Fees

All factoring costs are disclosed upfront, so you know what you’ll pay before you commit.

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A Dedicated Account Executive

One person who knows your account and answers when you call.

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Recourse and Non-Recourse Factoring

We fit the structure to your situation rather than the other way round.

Built for Where Your Business Is

Our invoice factoring solutions are structured around your business, whether you’re growing quickly or working through a difficult period.

Honest Answers

If we are not the right fit, we will point you to a partner who is.

Reviews Speak Volumes

How Invoice Factoring Works

Invoice factoring turns an invoice you have already issued into cash now. You sell the invoice to a factoring company at a discount, rather than waiting 30 to 120 days for your customer to pay.

It is not a loan, so it adds no debt to your balance sheet and costs you no equity.

Short application, no bank underwriting, and a decision that relies on your customer’s credit rather than yours. It’s part of why factoring companies have become a common source of working capital for growing businesses.

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Send an Unpaid Invoice — Along with a basic application and your accounts receivable ageing report. It’s the first step for companies factoring invoices with Porter.

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We Check Your Customers — Approval rests on their credit strength and payment history.

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You Get Up to 95% — Funds land in as little as 24 hours once you are approved.

Find Out What Porter Would Advance You

Your invoice factoring quote is free and puts you under no obligation, and it’s the fastest way to see our invoice factoring rates firsthand. If we are not the right fit, we will say so and point you somewhere that is.

Frequently Asked Questions About Invoice Factoring

Invoice factoring is the process of selling unpaid invoices to a third-party factoring company for immediate cash. It’s a form of accounts receivable financing that allows a business to convert accounts receivable into working capital quickly. Some businesses know this as accounts receivable factoring, receivables factoring, or working with an AR factoring company, but the mechanics are the same: factoring is not a traditional loan, but rather a transaction where a business sells its invoices to a third-party financier, known as an invoice factoring service, who then manages collections and advances a percentage of the invoice value, often charging a fee.

Doing this helps the business avoid waiting for the customer to pay their invoice, subsequently saving them time and money. By using invoice factoring, the business can focus on its core competencies and not have to worry about waiting 30-plus days to get paid on each outstanding invoice. Factoring often involves batching invoices for greater funding. Factoring for a single invoice is referred to as “spot factoring.” Businesses factor invoices to access working capital and maintain smooth operations, especially during periods of high demand or when facing cash flow issues, and companies factoring receivables in this way often see faster, more predictable cash cycles than they would waiting on customer payment terms.

Learn more in our invoice factoring guide!

Cash flow is the lifeblood of your business. If you struggle or don’t have cash flow, you will potentially have to make very difficult cuts to your expenses to make payroll. Business invoice factoring helps address cash flow issues caused by slow paying customers and delayed invoice payments, providing a quick solution to cover immediate expenses and maintain business operations.

These potential cuts could include belt-tightening, which could lead to problems with employee retention. It may also force you to make difficult cuts in your marketing and branding. If you are new to invoice factoring, having to make these cuts instead can have a ripple effect that could be costly in the future.

The best way to ensure better cash flow is to obtain access to it more quickly. With that in mind, the benefits of invoice factoring include the following:

  • Payment for factored invoices is made within a short period of time
  • Our invoice factoring solutions are flexible, letting companies add and buy back invoices as needed
  • Invoice factoring can help your company pay bills on time, which increases corporate credibility with your suppliers and vendors;
  • Invoice factoring helps businesses focus on delivering value to their customers and not be distracted by cash flow difficulties
  • Our invoice factoring services provide a streamlined way to convert invoices into cash, helping businesses overcome cash flow issues from slow paying customers

Factoring invoices doesn’t involve your bank or the bank of your clients. Unlike a bank loan or traditional bank loans, which require extensive credit checks and lengthy approval processes, invoice factoring provides faster access to funds by selling invoices to a third-party factoring company. A bank loan involves borrowing money that must be repaid, while invoice factoring involves selling invoices to access cash without taking on new debt. The fact that it involves your company’s account is only there to prove that you’re a good credit risk, based on the fact that your company pays their outstanding invoices promptly.

Say, for example, A small business has $50,000 in outstanding invoices from slow-paying customers. To improve cash flow, the business sells these invoices to a third-party factoring company. The factoring company advances 85% ($42,500) immediately. Once the customers pay the invoices, the factoring company sends the remaining balance minus a 3% fee ($1,500). 

Factoring is usually cost-effective compared to other forms of financing, which may take a significant amount of time to put through company processes and procedures. 

With invoice factoring, you can spend less mental effort on items related to your business’ balance sheet and spend more time on growing the business. You can focus on managing your business growth instead of worrying about the paperwork.

Learn more about the difference between invoice factoring and bank loans.

No. You are selling an invoice you have already earned, which means the money is yours to collect on work you have already completed. Because it is a sale and not a loan, it does not show up as debt on your balance sheet. You take on no repayment schedule and no interest in the traditional sense. You also give up no equity in your business. That distinction matters when you are protecting both your credit profile and your ownership stake. For many companies, this is the difference between staying flexible and being locked into a long-term liability.

Rates start at 0.4% and move based on a few clear factors. The main drivers are your monthly volume, the payment terms your customers work on, and the credit strength of those customers. Higher volume and stronger customer credit generally push your rate down. You see the full fee schedule before you sign anything, so there are no surprises after the fact. Every cost is laid out in plain terms, line by line. If a number is unclear, you can ask before you commit.

No, a bank declining you does not rule you out here. Banks tend to weigh your balance sheet, your time in business, and your debt ratios, which can work against a growing or early-stage company. We take a different view. We look at the credit of your customers rather than your own financials, since they are the ones paying the invoices. That means a young business with strong customers can qualify even after a bank says no. Your growth stage is not held against you.

We offer both, and the right fit depends on how you want to handle risk. With recourse, you agree to cover an invoice if your customer fails to pay, and in exchange your rates are lower. With non-recourse, we carry the risk of customer non-payment ourselves. That protection comes at a slightly higher rate, which some businesses find well worth the peace of mind. The choice comes down to your appetite for risk and your confidence in your customers’ ability to pay. We can walk you through both so you land on the structure that fits your situation.

Once your account is set up, approval can happen the same day. The bulk of the timeline is the initial setup, not the funding itself. After that, the process is designed to keep pace with your invoicing rather than slow it down. For businesses facing a payroll deadline or a supplier payment, that speed is often the deciding factor. The goal is to get working capital into your hands when you actually need it.

Two things to start. We need your accounts receivable aging report, which shows us the invoices you have outstanding and who owes them. We also need a short application with basic details about your business. From there, we can review your customers’ credit and put together a quote. The report does most of the work, so gathering it upfront speeds everything along. Once we have both, you will have a clear picture of your rate and terms.

Get a Free Invoice Factoring Quote

Complete a form and a member of our sales team will follow up shortly. We will ensure you are a good fit for our factoring services. Then we will issue a formal proposal that outlines advance rate, fee structure, and service details.