Industries
Food and beverage distribution
Perishable moves fast. Payment does not.
Caterers, distributors and food manufacturers can all benefit from invoice factoring. When clients take 30, 60 or 90 days to pay their invoice, your company can struggle to meet operating costs like payroll, supply costs or transportation. MyFactor purchases your open invoices, so your company has the cash flow to keep growing.
Who we fund
- Food and beverage distributors
- Caterers
- Co-packers
- Specialty food producers
What is food and beverage factoring?
Food and beverage invoice factoring is a financial solution where your business sells its unpaid invoices to a factoring company, like MyFactor, for an immediate advance, typically within 24 hours. Instead of waiting 30, 60, or 90 days for customers to pay, you get the cash flow to cover operating expenses, purchase inventory, pay employees, and invest in growth.