How It Works
You provide your invoices and we provide the capital you need to run your business. Up to 95% of your outstanding invoices funded directly to your bank account within days of applying.
This option is sometimes referred to as selling your invoices or selling your accounts receivable. If you have, or will have, invoices payable to you from other companies, Evergreen Funding can help bridge the length of time it will take for your customers to pay you. Oftentimes you will be provided with payment terms of net 30, net 60 or even up to net 90, but you have a lot of other operating expenses that will need to be paid before then. As soon as you have provided service or your product has been delivered, then you can send us a copy of the invoice you just sent to your customer and we can purchase it at a discount, meaning we will pay you a percentage of the total value (the remainder will be made available to you once the invoice pays). You can rest easy once you’ve received the funds from us since we will wait for the payment to come in. This is a great option for companies who don’t qualify for a bank loan, who have taken out too many loans or are maxed on their credit lines, or for those who just need operating funds. Factoring is a great option for any of these scenarios since you are not incurring additional debt and we can typically fund your invoices while you’re able to keep your line of credit open. The funds can be used for anything business-related including payroll, making vendor or tax payments, or even buying new equipment. We can get you approved and funding within just a couple of days so contact a representative at Evergreen Funding to get started today!
Work with our team of industry experts to develop a solution to pay down your high-interest loans or to develop a plan to pay them off completely without taking on additional debt. We understand that high interest rates can eat away at your profits and we want to eliminate these lenders and free up some cash while providing you with additional working capital from our factoring program. Your focus should be on running your business rather than worrying about daily or weekly automatic withdrawal payments being deducted from your bank account. Contact a representative today to learn more about consolidating your debt through factoring.
What Type of Funding is the Best Option for my Company?
The easiest way for us to determine which funding option best fits your company is to speak with one of our representatives. We want you to fully understand the terms, process, and the costs associated with factoring so you can decide which will be the best option for your needs. We will not try to sell you a product that we think won’t work for you, so if we determine after speaking with you that we may not be the best fit for you then we will refer you directly to one of our partners who may have a better solution to fit your needs.
Simply move the slider to the amount of the invoice you want to factor.
Now select the payment terms of the invoice.
Fees range from 1% to 3% on average. For demonstration only, we will estimate fees of 1.5% per each 30-day period.
Total cost to factor this invoice:
Q. Am I obligated to use your services once I sign a proposal?
Q. How are our fees determined?
Q. Are there any hidden fees?
Q. How long does it take to get started?
Your Time Is Valuable
We have industry experts ready to answer any questions you may have. They will get to know you and your business so they can recommend the best type of funding for your business model. We understand that your time is valuable so please feel free to contact us anytime by any method. You can reach us directly through our website, by phone, email, live chat or even via social media. Our team is always here to assist you and we are looking forward to speaking with you!