Invoice Factoring
Turn your outstanding invoices into immediate cash - advance up to 90% of invoice value.
LOAN RANGE
Subject to lender approval
TURNAROUND
Subject to lender approval
Best for B2B businesses with creditworthy customers that need to unlock cash tied up in 30-to-90-day invoices without taking on debt.
About Invoice Factoring
Invoice factoring turns your unpaid invoices into immediate cash. Instead of waiting 30, 60, or 90 days for customers to pay, you sell those outstanding invoices to a factoring company at a small discount and receive most of the value upfront — often within a day. It's a powerful tool for businesses whose growth is constrained not by sales, but by the lag between delivering work and getting paid.
Factoring is based on the creditworthiness of your customers, not just your own, which makes it accessible even to younger companies with strong clients. Slate Financial matches you with factors that fit your industry, invoice volume, and customer base, and structures the advance rate and fee so your margins stay healthy.
How It Works
- 1Submit your accounts-receivable aging report and sample invoices so the factor can assess your customers and volume.
- 2The factor approves your customers and sets an advance rate — typically 80% to 90% of each invoice's face value.
- 3You assign eligible invoices and receive the advance, subject to funder approval.
- 4Your customer pays the invoice directly to the factor on the normal due date.
- 5Once the invoice is paid, the factor releases the remaining balance to you, minus a small factoring fee.
Who Qualifies
- B2B (or B2G) businesses that invoice other companies or government entities on terms
- Creditworthy customers who reliably pay their invoices
- Invoices for completed, deliverable work or goods (not pre-billing)
- Businesses of nearly any age — strong customers matter more than time in business
Typical Terms
| Advance rate | 80% – 90% of invoice |
| Facility size | Subject to lender approval |
| Funding speed | Subject to funder approval |
| Factoring fee | Small % per invoice |
Pros & Cons
Advantages
Considerations
Ready to Apply for Invoice Factoring?
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Program Highlights
Required Documents
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Typical Timeline
Subject to lender approval
Timeline begins after all required documents are received and verified.