Services

Invoice Factoring

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!

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