Invoice Factoring

Unlock Your Cash Flow — Get Paid on Invoices Today
Waiting 30, 60, or even 90 days to get paid can kill a small business’s momentum. That’s where Invoice Factoring comes in — a powerful cash flow tool for companies with outstanding receivables.
At Impelly Financial, we turn your unpaid invoices into fast, flexible funding so you can cover payroll, pay suppliers, and grow without waiting on slow-paying customers.
What Is Invoice Factoring?
Invoice Factoring allows you to sell your outstanding invoices to a lender (factor) in exchange for immediate cash. You get up to 90% upfront, then the rest — minus a fee — when your client pays.
Key Benefits of Factoring with Impelly Financial
- Same-Day Funding
- No Credit Score Required
- Simple Approval – Based on Your Customers, Not You
- Works With All Invoice Types & Industries
- Get Paid on Invoices of $5,000 or More
- Only 3 Months of Bank Statements + Invoice Required

Who Invoice Factoring Is For
- B2B companies and government vendors
- Invoicing clients $5,000+
- Waiting 30–90 days for payment
- Industries: staffing, manufacturing, transportation, healthcare, construction
- Have strong-paying customers
Invoice Factoring Requirements
Invoice factoring may be available to businesses that regularly invoice commercial or government customers and need working capital while waiting for payment.
Common requirements may include:
- Eligible unpaid invoices for completed goods or services
- Business customer information
- Invoice amounts and payment due dates
- A business checking account
- Recent business bank statements, when requested
- Basic company and ownership information
- Customer payment history or creditworthiness
Approval depends on the factoring provider, the quality of the invoices, customer creditworthiness, and other underwriting requirements.
How Invoice Factoring Works
- Submit Your Invoices: Provide eligible unpaid business invoices and the requested supporting documents.
- Invoice and Customer Review: The factoring provider reviews the invoices, customer creditworthiness, and transaction details.
- Receive an Advance: If approved, you may receive an advance on eligible invoice values, based on the agreement.
- Your Customer Pays the Invoice: Payment is made according to the factoring arrangement, often directly to the factor.
- Receive the Remaining Balance: After payment is collected, the remaining reserve is released minus applicable fees and adjustments.
Invoice Factoring Company vs. Traditional Business Loan
Invoice factoring and traditional business loans can both help improve business cash flow, but they work differently.
Invoice factoring is generally structured around the sale of eligible accounts receivable, while a traditional business loan creates a debt that the business repays under agreed terms.
The best option depends on your customers, invoice volume, financing costs, and business needs.
| Feature | Invoice Factoring | Traditional Business Loan |
|---|---|---|
| Main basis | Eligible unpaid invoices | Credit, cash flow and underwriting |
| Typical users | B2B businesses with receivables | Businesses meeting loan criteria |
| Funding speed | May be faster after verification | Depends on lender and loan type |
| Payment source | Customer invoice collections | Business loan repayments |
| Best for | Unlocking cash tied up in invoices | Broader financing needs |
| Collateral | Eligible invoices serve as the primary asset | May require business or personal collateral |
Impelly Financial can help you explore available funding options based on your business situation. Compare pricing, terms, fees, and obligations before choosing a product.
🚛 Logistics Company – Newark, NJ
Tony runs a freight brokerage and used Impelly to turn unpaid invoices into same-day working capital — keeping his trucks on the road and his staff paid.
Best Industries for Invoice Factoring
Invoice factoring is often useful for businesses that sell products or services to other businesses and wait weeks for invoices to be paid.
Industries that commonly use invoice factoring include:
- Trucking and transportation: Help cover fuel, payroll, and operating expenses while waiting for freight invoices to be paid.
- Staffing agencies: Meet payroll obligations while waiting for business clients to settle invoices.
- Manufacturing: Purchase materials and manage production costs during customer payment cycles.
- Wholesale and distribution: Maintain inventory and pay suppliers while awaiting payments from commercial buyers.
- Commercial cleaning: Manage staffing and operating expenses under invoiced commercial service contracts.
- Construction subcontractors: Help bridge eligible receivables while waiting for contractor payments, subject to additional eligibility requirements.
- Professional B2B services: Support cash flow when business clients pay on extended terms.
Invoice eligibility and industry acceptance vary by funding provider.
Why Businesses Love Invoice Factoring
- No impact on your credit
- Grows with your sales
- Provides immediate liquidity
- Alternative to bank loans
- Based on your customer’s credit, not yours
Why Choose Impelly Financial?
- Transparent pricing
- All industries welcome
- Same-day funding
- $2B+ funded
- Friendly, personalized service

Frequently Asked Questions About Invoice Factoring
Is invoice factoring a business loan?
Invoice factoring is generally a financial arrangement in which a business sells eligible unpaid invoices to a factoring company. Its legal structure and obligations depend on the agreement.
How much of my invoice can I receive upfront?
Advance rates vary by provider, customer quality, invoice eligibility, and agreement terms. Some programs may advance up to 90% of eligible invoice value.
How quickly can invoice factoring provide funding?
Funding timelines depend on customer verification, invoice eligibility, documentation, approval, and bank processing. Same-day funding is not guaranteed.
Do my customers need to know I am factoring invoices?
In many factoring arrangements, customers receive a payment notification directing them to pay the factoring provider. The exact process depends on the agreement.
Can I qualify with less-than-perfect credit?
Possibly. Some factoring providers place significant emphasis on the creditworthiness of the customers responsible for paying eligible invoices, although your business profile may also be reviewed.
What documents are needed to apply?
Common documents include eligible invoices, customer information, business identification, and any additional records requested by the provider.
Get Paid Faster — Start Today
Don’t wait to get paid. Turn your unpaid invoices into working capital with Impelly Financial.
