Our philosophy
Invoice factoring
Working capital without a bank loan
Invoice factoring is not a loan. Instead of borrowing money, you sell invoices you’ve already earned. Approval depends mainly on the credit strength of your customers, not only your own credit history, which makes factoring a strong option for growing companies, newer businesses, and companies that don’t qualify for traditional bank financing.
Clear, simple pricing
You know your rate upfront. One transparent fee per invoice, with no surprise charges later.
No debt on your balance sheet
Factoring converts your receivables into cash without adding a loan to your books.
Dedicated account manager
One point of contact who knows your business and your customers.
- Same-day or next-day funding
- Customer credit checks
- Collections handled for you
- Online portal to track invoices
- No long-term contract
Built for growing businesses
Cash flow that keeps up with your growth
Big orders and new customers are good news, until you have to pay for materials, staff, and shipping long before your customer pays you. At MyFactor LLC, we look at your sales cycle, customer payment terms, and monthly expenses to build a funding plan that fits the way your business actually runs. As your sales grow, your available funding can grow with them, so you never have to turn down an opportunity because cash is tied up in receivables.
Our process
Four steps to faster payments
- 01
Talk to us
Schedule a short call with a funding specialist. We’ll learn about your business, your customers, and how long they take to pay, then explain how factoring can help.
- 02
Open your account
Share basic business documents and your accounts receivable aging report. We review your customers’ credit and set up your account.
- 03
Submit invoices
Once you’ve delivered the goods or completed the work, send your invoices through our online portal. We verify them with your customers.
- 04
Get funded
Receive an advance straight to your bank account. When your customer pays, we send you the remaining balance, minus our fee.
Is invoice factoring right for you?
- You sell to other businesses, not consumers
- Your customers pay on 30 to 90 day terms
- You need cash faster than your customers pay
- A bank loan is too slow or not available