Invoice Financing in Canada
At Grant-X, we provide invoice financing in Canada to help businesses like yours maintain a steady cash flow without waiting. Our expert team ensures you get the funds you need when you need them, allowing you to focus on what matters most—growing your business.
Understanding invoice financing
Invoice financing is a practical solution for Canadian businesses facing cash flow challenges due to unpaid invoices. It allows you to unlock the cash in these invoices, providing immediate funds to cover operational costs, invest in growth, or manage unforeseen expenses.
According to the Canadian Bankers Association, many businesses in Canada experience payment delays, with nearly 30% of small businesses citing cash flow issues as a significant challenge. Invoice financing can mitigate these issues by advancing a portion of the invoice amount upfront.
A report from the Government of Canada indicates that small and medium-sized enterprises (SMEs) account for 99.8% of all businesses in Canada, and many of these businesses need help with late client payments. By using invoice financing, SMEs can maintain a more predictable cash flow, which is crucial for sustaining and growing their operations.
Furthermore, data from the Business Development Bank of Canada (BDC) suggests that businesses with consistent cash flow are more likely to succeed and expand. Invoice financing helps ensure your company has the liquidity to meet obligations, seize new opportunities, and thrive in a competitive market.
With Grant-X, a trusted invoice factoring company, you can use this proven financial tool backed by our expert guidance and a deep understanding of the Canadian business landscape. Learn more about how invoice financing in Canada can benefit your business by contacting us today at Grant-X.
Is invoice financing right for your business?
Invoice financing is a versatile financial tool that can benefit various businesses and industries. Whether you're a startup struggling with cash flow or an established company dealing with long payment cycles, invoice financing can provide the immediate funds you need to keep your operations running smoothly. Here's a closer look at who can benefit from invoice factoring services and how they can address specific challenges:
Due to delayed client payments, SMEs often need more cash flow gaps. This can make covering day-to-day expenses, payroll, or investing in growth opportunities difficult.
Small business invoice factoring allows these businesses to quickly convert unpaid invoices into cash, ensuring they have the working capital necessary to operate without interruption.
Startups frequently encounter cash flow issues as they establish their business and build a client base. With a limited financial history, securing traditional financing can be challenging.
Invoice financing offers startups a way to access funds based on their invoices rather than credit history, providing them with the liquidity needed to grow and scale their operations.
Companies that experience seasonal fluctuations or inconsistent cash flow may need help maintaining stability throughout the year.
Invoice financing helps smooth out cash flow by providing funds upfront for outstanding invoices, allowing these businesses to better manage their finances during slow periods.
Freelancers often work with clients with long payment terms, leading to delays. This can create financial strain, especially when payments are unpredictable.
Invoice financing enables freelancers to get paid quickly, eliminating the wait and reducing financial stress.
These companies often need to pay suppliers before they receive payment from their customers, creating a cash flow crunch.
By using invoice factoring services, wholesalers can access the funds they need to pay suppliers on time, maintain inventory levels, and meet customer demand.
Manufacturers frequently have large amounts of capital tied up in raw materials and production costs while waiting for invoices to be paid.
Invoice financing frees up this capital, providing manufacturers the cash to continue production and fulfill orders without delay.
Businesses like marketing agencies, consultants, and IT firms often operate on extended billing cycles, which can delay payments and strain cash flow.
Invoice financing allows service-based businesses to receive payment immediately after issuing invoices, ensuring they have the funds to cover expenses and grow their services.
Real estate investors may experience delays in receiving payments from tenants or buyers, which can impact their ability to manage properties or make new investments.
Invoice financing provides immediate cash flow, allowing investors to continue operations without waiting for tenant payments or property sales.
Construction firms typically have large outstanding invoices and often wait months for payment, disrupting project timelines and creating financial pressure.
By partnering with factoring companies in Canada, construction companies can receive immediate payment for their invoices, enabling them to continue projects without delays.
For more information on invoice financing, contact us today!
Who qualifies for invoice financing?
Invoice financing is an accessible financial solution for a wide range of businesses. At Grant-X, we aim to provide invoice financing to companies that must bridge cash flow gaps caused by unpaid invoices. However, businesses must meet specific criteria to qualify for this service.
Small to medium-sized businesses (SMEs)
Whether you run a manufacturing firm, a wholesale business, or a service-based company, if you deal with delayed customer payments, you are a strong candidate for invoice financing.
Startups
This type of financing benefits new businesses with clients but needs more financial stories for trial loans.
Freelancers and independent contractors
Individuals who provide services on net terms and face delays in getting paid can use invoice financing to manage their cash flow effectively.
Established companies with cash flow challenges
Factoring services can provide the stability you need if your business experiences seasonal fluctuations or inconsistent income streams.
Industries with long payment cycles
Businesses like construction, real estate, and manufacturing, where payment terms often extend to 60 or 90 days, are ideal candidates for factoring business solutions.
Quick eligibility check
Before applying, it’s important to determine if your business meets the key eligibility requirements for invoice financing. Here are a few factors most lenders will consider:
Minimum invoice amounts
Businesses typically need invoices of a minimum value to qualify for invoice financing. While this can vary depending on the provider, we generally work with invoices valued at $5,000 or more at Grant-X. This threshold ensures that the financing provided is substantial enough to support your business needs effectively.
Credit terms
Your customers' creditworthiness plays a significant role in the approval process. Since invoice financing is based on the value of your outstanding invoices, your clients must have a solid credit history and a track record of paying invoices on time. The stronger your clients' credit, the more favourable your financing terms will be.
Additional criteria
- Business Stability: We look for businesses that have been operational for at least six months. This helps ensure your company has a reliable revenue stream and established customer relationships.
- Invoice Verification: The invoices submitted for financing should be verifiable, meaning that your clients must acknowledge the debt and agree to the payment terms. This helps protect both parties involved in the transaction.
Unlock the cash flow your business needs with Invoice Financing from Grant-X. Apply today and get fast, flexible funding to keep your operations running smoothly!
How to get started with invoice financing
Getting started with invoice financing at Grant-X is simple. We've designed our service to be user-friendly, ensuring you can access the funds you need with minimal hassle. Below is a step-by-step guide to help you understand how the process works.
Submit your invoices
The first step is to submit the invoices you wish to finance. These should be invoices issued to customers with whom you have established credit terms. At Grant-X, we accept invoices with a minimum value of $5,000. You can upload your invoices directly through our secure online portal.
Invoice verification
Once your invoices are submitted, our team at Grant-X will verify them. This involves confirming that the goods or services were delivered and that your client acknowledges the invoice. This step is crucial in ensuring that the invoices are valid and payable. Verification typically takes a short time, allowing you to move forward quickly.
Receive your funds
After verification, Grant-X will advance you a significant portion of the invoice value—usually between 80% and 90%. This advance is deposited directly into your business account, giving you immediate access to the necessary funds. The remaining balance, minus our fee, will be paid once your customer pays the invoice in full.
Customer payment
Your customer will pay the invoice directly to Grant-X under the agreed payment terms. This arrangement simplifies the process and ensures the transaction is handled efficiently. We maintain open communication with your clients to ensure smooth payments, but the relationship and terms with your customers remain unchanged.
Final settlement
Once your customer pays the invoice, Grant-X will release the remaining balance to you after deducting our service fee. This final step completes the transaction, leaving you with the cash flow you need to continue growing your business.
Process steps
Each step in the process is designed to be quick and efficient, ensuring that your business has the cash flow it needs without delay. At Grant-X, we're committed to providing transparent and reliable invoice factoring services tailored to Canadian businesses' unique needs.
Get Started with Invoice Financing Today by contacting us at Grant-X. Our expert team is here to guide you through the process and ensure you receive the best factoring finance solution for your business. Feel free to contact us for more information or to start your application. Contact us today to learn more about invoice finance factoring and how it can benefit your business.
Tailored solutions for your industry
At Grant-X, we recognize that different industries in Canada face unique challenges when it comes to managing cash flow. Invoice financing provides tailored solutions to help businesses across various sectors maintain financial stability and grow. Below are some examples of how specific industries benefit from invoice financing:
The manufacturing sector in Canada generated over $922.4 billion in 2022, yet many manufacturers need help with cash flow due to long production cycles and delayed customer payments. This can create significant operational challenges, especially for small—to medium-sized manufacturers.
Invoice financing allows manufacturers to unlock the cash in unpaid invoices, ensuring they have the funds to purchase raw materials, maintain production schedules, and invest in new technologies. By partnering with Grant-X, manufacturers can receive up to 90% of the invoice value upfront, helping them maintain a steady cash flow and meet production demands.
Cash flow in the real estate sector can be unpredictable due to the timing of sales, tenant payments, and development projects. This unpredictability can hinder growth and delay new investments.
Invoice financing provides real estate professionals with immediate access to funds, allowing them to manage operational expenses, complete projects on time, and reinvest in new properties. This financial flexibility is crucial in an industry where timing is everything. Real estate investors working with Grant-X have reported smoother cash flow management, enabling them to expand their portfolios more effectively.
Service industries, which account for a significant portion of Canada's economy, often deal with extended billing cycles. This can create financial strain, especially for businesses that rely on timely payments to cover operating expenses.
Small business factoring enables service-based companies—such as marketing agencies, IT firms, and consultants—to get paid once an invoice is issued. This immediate access to funds allows them to cover payroll, invest in growth opportunities, and take on new clients without worrying about delayed payments. Grant-X's invoice financing solutions are particularly beneficial for businesses with tight cash flow constraints.
Wholesale and distribution businesses often must pay suppliers before receiving customer payments, which can lead to difficulties in cash flow. This is particularly true in industries like retail, where inventory turnover is critical.
By utilizing invoice financing, wholesalers can maintain adequate inventory levels and meet customer demand without waiting for buyer payments. According to Statistics Canada, this financial support allows wholesalers to take on larger orders and negotiate better terms with suppliers, improving profitability.
The construction industry often faces significant cash flow challenges with complex projects and long payment terms. Payment delays can halt project progress, leading to missed deadlines and financial penalties.
Accounts receivable factoring helps construction firms receive immediate payment for their invoices, ensuring they have the funds to purchase materials, pay subcontractors, and keep projects on schedule. With Grant-X, construction companies can focus on completing their projects without financial delays.
Retailers and e-commerce businesses frequently deal with seasonal fluctuations in sales, which can create cash flow gaps, especially when they need to pay suppliers in advance of peak seasons.
Invoice financing helps retailers bridge the gap between inventory purchases and sales, providing the liquidity needed to stock up on inventory and meet customer demand. This is crucial during busy periods like the holiday season, where timely inventory management can make or break a business.
Why choose invoice financing?
When managing cash flow, invoice financing offers several distinct advantages that make it an attractive option for businesses of all sizes. Below, we highlight the key benefits of choosing invoice financing through Grant-X and how it compares to other financing options.
Fast access to cash
One of the most significant advantages of invoice financing is the speed at which you can access funds. With extensive paperwork and credit checks, traditional bank loans can take weeks or months to process. In contrast, invoice financing allows you to unlock the value of your invoices within 24 to 48 hours. This rapid turnaround is crucial for businesses that need immediate cash flow to cover expenses, seize new opportunities, or manage unexpected costs.
No need for collateral
Unlike traditional loans, which often require substantial collateral such as property or equipment, invoice financing uses your outstanding invoices as security. This means you don't need to risk your assets to secure the funding you need. This is particularly beneficial for small businesses or startups that may not have significant assets to pledge.
Flexibility
Invoice financing offers a high degree of flexibility. You can finance specific invoices as needed rather than committing to a large, fixed loan amount. This flexibility allows you to manage your cash flow more effectively, financing only what you need when needed. This approach contrasts with traditional loans, which often have flexible repayment schedules and more flexibility.
Improved cash flow
By converting unpaid invoices into immediate cash, receivable financing helps you maintain a steady cash flow, which is essential for day-to-day operations. This improved liquidity can help you avoid the pitfalls of delayed payments and ensure you have the funds to cover payroll, purchase inventory, or invest in growth.
Maintain control of your business
When you choose invoice financing, you retain control over your business. Unlike equity financing, where you might need to give up a portion of your business in exchange for capital, invoice financing allows you to raise funds without diluting ownership. This means you can continue to make decisions independently and keep the full benefits of your hard work.
Minimal impact on credit score
Since factoring financing is based on the creditworthiness of your customers, your business's credit score is less of a concern. This makes invoice financing an excellent option for companies that may have a less-than-perfect credit history but work with reliable customers. Additionally, because the financing is tied to specific invoices, it won't increase your overall debt load, which can help maintain a healthy credit profile.
Comparison with other financing options
Here’s a comparison of invoice financing with traditional loans, lines of credit, and equity financing:
Tailored financing solutions
At Grant-X, we understand that every business has unique financial needs. That's why we offer various invoice financing options tailored to your requirements. Whether you're looking for a quick cash flow solution or a more flexible long-term arrangement, we have the tools to help your business thrive.
Types of invoice financing
Factoring
- Overview: Factoring is the most common form of invoice financing. It involves selling your invoices to a third party, a factoring company, at a discount. The factoring company advances you a significant portion of the invoice value upfront, typically 80-90%, and takes over the responsibility of collecting payment from your customers.
- Benefits: This option is ideal for businesses that need immediate cash flow and want to outsource their accounts receivable management. Since the focus is on your customer's creditworthiness, it's also a viable solution for businesses with less-than-perfect credit.
Invoice discounting
- Overview: Unlike factoring, invoice discounting allows you to retain control over your sales ledger and customer relationships. In this arrangement, your invoices are used as collateral to secure a loan or advance from the financing company. Once your customers pay their invoices, you repay the loan and any associated fees.
- Benefits: Invoice discounting is more discreet, as your customers are unaware you're using a financing service. This method suits businesses with strong credit control procedures and prefers to maintain their customer relationships in-house.
Selective invoice financing
- Overview: This option lets you choose specific invoices to finance and manage cash flow according to your business's immediate needs. You can decide which invoices to submit for financing based on the cash flow requirements at any given time.
- Benefits: Selective invoice financing is ideal for businesses that want to retain control over their accounts receivable and only need occasional cash flow support. It's a flexible solution tailored to seasonal or fluctuating cash flow patterns.
Customizing the terms to fit your business needs
Advance rate
The percentage of the invoice value that you receive upfront can be adjusted based on your business's needs and your customer's creditworthiness. Higher advance rates can provide more immediate cash flow, while lower rates may offer better long-term financial stability.
Repayment terms
We can tailor the terms to fit your cash flow cycle if you choose a short-term financing solution or need longer repayment periods. Our flexible repayment schedules ensure you can manage your finances without straining your operations.
Fee structure
We offer competitive and transparent fee structures that can be customized according to the volume of invoices you finance and the level of service you require. Whether you need full-service factoring or just a line of credit based on your receivables, we can adjust our fees to suit your business model.
Confidentiality options
We provide confidential invoice discounting services for businesses concerned about maintaining discretion. These services ensure that your customers remain unaware of the financing arrangements, allowing you to continue managing your customer relationships independently.
Managing risks with invoice financing
While invoice financing offers many benefits, it's important to understand how potential risks are managed, especially when clients fail to pay their invoices. At Grant-X, we have developed a robust risk management framework to protect your business and ensure smooth operations even in challenging scenarios.
Handling non-payment by clients
Recourse vs. non-recourse financing: In recourse factoring, the business is responsible for returning the invoice or replacing it with another one of equal value if a client fails to pay it. On the other hand, non-recourse factoring means the factoring company absorbs the loss if the client doesn't pay due to insolvency. Grant-X primarily offers recourse factoring to keep costs low for our clients, but we also provide non-recourse options for those seeking additional protection.
The creditworthiness of clients: At Grant-X, we conduct thorough credit checks on your customers before agreeing to finance an invoice. This process minimizes non-payment risk by investing only in invoices from reliable, creditworthy customers. This proactive approach helps safeguard your business against potential losses.
Ongoing monitoring: We continuously monitor your clients' payment behaviour. If a client's payment habits change or if they show signs of financial instability, we alert you immediately and work together to mitigate the risk.
Potential risks to your business
Impact on credit rating: Since factoring receivables companies typically focus on the creditworthiness of your clients rather than your business, your credit rating is generally not affected. However, if you're using recourse factoring and need to repurchase an unpaid invoice, it could impact your cash flow, indirectly affecting your financial standing.
Customer relationships: When you transfer invoices to a factoring company, your customers must pay the financing company directly. While this is standard practice, it's essential to maintain open communication with your clients to ensure they understand the process and continue to view your business positively.
Cost considerations: Factoring loans involve fees, which can vary depending on your clients' terms and creditworthiness. It's important to compare the cost of factoring against other financing options to ensure it aligns with your business's financial strategy.
Mitigation strategies with Grant-X
Customizable solutions: We work with you to tailor the financing agreement terms to your specific needs, whether that means choosing recourse or non-recourse options or setting terms that align with your business's cash flow cycle.
Expert guidance: Our team provides ongoing support and advice, helping you manage your accounts receivable effectively and making informed decisions about which invoices to finance.
Transparent communication: We prioritize clear communication with our clients and their customers to minimize potential misunderstandings or disruptions.
Choosing invoice financing with Grant-X means partnering with an experienced provider who understands the complexities of AR factoring and is committed to helping you manage risks effectively. Our proven approach ensures that your business remains financially stable, even in the face of challenges.
Transparent pricing and costs
At Grant-X, we believe in complete transparency when it comes to pricing. We understand that navigating the costs associated with invoice financing can be daunting, especially if you're new to this type of financing. That's why we've broken down our factoring fees, interest rates, and other associated costs in a straightforward manner so you know exactly what to expect.
Factoring fees
The primary cost associated with invoice financing is the factoring fee. This fee is typically a small percentage of the total invoice value and compensates us for the service of advancing your cash before your customer pays.
- Fee range: factoring fees generally range from 1% to 4% of the invoice value, depending on factors such as:
- The creditworthiness of your customer.
- The size of the invoice.
- The industry in which your business operates.
- The payment terms (e.g., a 30-day invoice will have a lower fee than a 90-day invoice).
- Example: If you have a $10,000 invoice with a 2% factoring fee, you would pay $200 in fees.
Advance rate
The advance rate is the percentage of the invoice value that you receive upfront. Depending on the agreement, it is typically between 80% and 90%.
- Advance rate example: For a $10,000 invoice with an 85% advance rate, you would receive $8,500 upfront.
Interest rates
Interest rates may apply if your customer takes longer to pay than the agreed-upon term. This interest is charged on the remaining balance after the initial advance.
- Interest rate example: If your customer takes 60 days to pay a 30-day invoice, interest may accrue on the balance beyond the original term. Our interest rates are competitive and are calculated based on the amount outstanding and the delay in payment.
Additional costs
In addition to factoring fees and interest, there might be other costs depending on the specifics of your financing agreement. These costs can include:
- Setup fees: Some companies charge an initial setup fee to establish the factoring relationship. At Grant-X, we keep these fees minimal and transparent, only charging them if necessary.
- Maintenance fees: Ongoing fees for managing the account may apply, especially if you factored multiple invoices over time.
- Late Payment fees: Additional fees may be applied if your customer delays payment beyond the agreed terms. These are clearly outlined in your contract with us.
Easy-to-understand breakdown
Here's a quick example to illustrate the total cost:
- Invoice amount: $10,000
- Advance rate: 85% (you receive $8,500 upfront)
- Factoring fee: 2% ($200)
- Interest rate: 1.5% per month (applied only if payment is delayed beyond the term)
Total Cost
If the customer pays within the term, you will pay only the factoring fee of $200.
If the customer delays payment by one month, the total cost could include an additional $75 in interest, totalling $275.
Quick access to funds
One of the most significant advantages of invoice financing with Grant-X is the speed at which you can access your funds. We understand that timely cash flow is critical for your business operations, so we've streamlined our processes to ensure you get the funds you need as quickly as possible.
Fast turnaround time
After submitting your invoices, you should receive your funds within 24 to 48 hours. This quick turnaround allows you to address your business needs immediately, whether it's covering payroll, purchasing inventory, or investing in growth opportunities.
24 to 48 Hours: Most of our clients receive their advances within this timeframe, making invoice financing one of the fastest funding options available compared to traditional loans or lines of credit.
Factors that influence processing time
Invoice verification is the time it takes to verify the validity of the invoices and the creditworthiness of your customers. In most cases, this process is completed quickly, but it can vary depending on the complexity of the transaction.
Customer creditworthiness: The process may be faster if your customer is a well-established company with a strong credit history. However, if additional credit checks are required, this could slightly extend the processing time.
New client onboarding: The initial setup may take longer for new clients as we establish the necessary accounts and verify information. Once this initial setup is complete, subsequent transactions will process faster.
Invoice volume: The number of invoices you submit can also impact processing time. While we handle large volumes efficiently, higher volumes require additional time for verification.
Reliable and consistent funding
At Grant-X, we prioritize ensuring you receive your funds promptly. Once the initial processing steps are completed, future transactions are generally faster, with most clients experiencing regular funding within the 24 to 48-hour window.
Choosing invoice financing companies like Grant-X means you can rely on quick access to cash without the long waits associated with traditional factoring loans or factoring lending solutions.
Contact us today to learn how quickly you can access funds with our invoice financing solutions and how we can help keep your business running smoothly.
Maintaining strong client relationships
One common concern when considering invoice financing is how it might impact client relationships. At Grant-X, we understand the importance of maintaining strong, positive relationships with your customers, and we work closely with you to ensure that invoice financing is implemented smoothly and professionally.
Will clients be aware of the use of invoice financing?
Factoring (Disclosed): In this arrangement, your clients will know that you are using an invoice factoring company because they will be directed to pay the company directly. This is a common practice and is generally well-accepted in many industries, especially among larger companies and those accustomed to dealing with third-party payment processors.
Confidential invoice discounting (Undisclosed): With this option, your clients remain unaware that you are using invoice financing. You retain control of your sales ledger, and your clients pay you directly. This approach is ideal if you prefer to keep your financing arrangements private and maintain a consistent payment process with your clients.
Impact on client relationships
Professional communication: When using disclosed factoring, we communicate with our clients professionally, reflecting positively on your business. Our approach is to be an extension of your team, ensuring that your clients feel respected and valued throughout the payment process.
Maintaining payment terms: Whether you choose disclosed or undisclosed financing, the payment terms you've established with your clients can remain unchanged. We work within the existing framework of your payment agreements so your clients continue to experience the same level of service they're accustomed to.
Building trust through transparency: If you opt for disclosed factoring, being transparent with your clients about using invoice factoring can build trust. It shows that you're taking proactive steps to manage your business's cash flow responsibly, which can reassure clients who value stability in their business relationships.
Flexibility to suit your business needs: At Grant-X, we offer flexible solutions tailored to your needs. Suppose you believe that your clients might prefer not to work with a third-party financier. In that case, we can help you choose an option that keeps the process confidential, thereby preserving the integrity of your client relationships.
Addressing potential concerns
Reassuring your clients: We provide the tools and scripts to reassure your clients that their payment terms remain the same and that their relationship with your business is unchanged. This proactive communication can prevent misunderstandings and reinforce the trust between you and your clients.
Customizable options: If you prefer a more hands-on approach, our invoice financing solutions can be customized so that you maintain complete control over client interactions, further minimizing any impact on your relationships.
FAQs for Invoice Financing
Business owners often seek guidance when exploring invoice financing options. Here are a few common questions from small business owners in Canada looking to use their unpaid invoices to access working capital.
What is invoice financing, and how does it work?
Invoice financing allows businesses to access cash tied up in unpaid invoices. Instead of waiting for customers to pay, you can receive a significant portion of the invoice value upfront from a financing company. The financing company then collects the payment directly from your customer.
Will my clients know that I am using invoice financing?
It depends on the type of invoice financing you choose. Your clients will be aware of disclosed factoring because they will pay the financing company directly. With confidential invoice discounting, your clients will not be informed and will continue to pay you as usual.
How quickly can I receive funds through invoice financing?
At Grant-X, you typically expect to receive funds within 24 to 48 hours of submitting your invoices. However, the exact time may vary based on invoice verification and your customer's creditworthiness.
What fees are associated with invoice financing?
Fees for invoice financing generally range from 1% to 4% of the invoice value. Additional costs may include interest if payments are delayed and any setup or maintenance fees that may apply. We provide a transparent fee structure so you know exactly what to expect.
Is invoice financing suitable for my business?
Invoice financing is particularly beneficial for businesses that experience cash flow challenges due to long payment cycles. It suits various industries, including manufacturing, real estate, service-based companies, wholesale, and more.
How does invoice financing affect my business's credit rating?
Invoice financing is based primarily on your customers' creditworthiness, so your business's credit rating is generally unaffected. However, if you use recourse factoring and need to repurchase an unpaid invoice, this could indirectly affect your cash flow and financial standing.
What happens if my customer doesn't pay the invoice?
In recourse factoring, if your customer fails to pay, you may be required to repurchase or provide a substitute invoice. In non-recourse factoring, the financing company assumes the risk of non-payment due to customer insolvency.
Can I choose which invoices to finance?
Yes, with selective invoice financing, you can choose which invoices to finance based on your cash flow needs at any given time.
How does invoice financing compare to other financing options?
Invoice financing provides faster access to cash and does not require collateral like traditional loans. Unlike equity financing, it doesn't dilute your ownership and offers more flexibility than rigid repayment schedules associated with loans.
How do I get started with invoice financing at Grant-X?
To get started, simply submit your invoices through our secure online portal. We will verify the invoices and advance you up to 90% of the invoice value, typically within 24 to 48 hours. Contact us today to learn more or to begin the application process.
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