Overview
Your customers' credit, not just yours
Factoring converts unpaid invoices into immediate working capital — you sell the receivable to a factoring company, receive a large advance right away, and get the remainder (minus a fee) once your customer pays. Because approval is based largely on your customers' creditworthiness, it's accessible to businesses that wouldn't qualify for a traditional loan.
It's especially powerful for businesses whose growth is capped by slow-paying customers rather than a lack of demand — staffing firms, trucking and transportation companies, distributors, manufacturers, and government contractors are classic fits.
Ideal for
- Staffing agencies waiting on client payment cycles
- Trucking, freight, and transportation companies
- Distributors, manufacturers, and wholesalers
- Government contractors with long payment terms
- Any B2B business whose growth is capped by cash timing, not demand
At a Glance
Typical deal parameters
General ranges — facility size scales with your accounts receivable volume.
Facilities are typically ongoing relationships, not one-time transactions — funding speeds up further after the first invoice cycle.
Why LendHaven
We know which factors fit your industry
Factoring terms vary widely by industry and invoice volume. We match you to factors who specialize in your space so the advance rate and fee structure actually make sense for your margins.