What does FactorAuction.com do?

FactorAuction.com is a receivables exchange where factoring companies compete to purchase your invoices for immediate upfront cash..

How much does it cost?

FactorAuction.com is 100% free to use. Our goal is to get your business the best cost of money for your invoice financing needs.

Why should I use FactorAuction.com?

FactorAuction.com provides the best pricing in the industry for invoice financing services. Companies compete to provide your business with the best rate and highest advance for your unpaid invoices.

What is invoice factoring?

Invoice factoring is when accounts receivable are purchased at a discount for immediate up-front cash. The average advance is between 85-95% of the total value of invoices. The remaining 5-15% is paid, minus any fees when the business pays the outstanding invoice.

What is invoice discounting?

Invoice discounting is very similar to invoice factoring except your company remains in charge of collecting the debt from the debtors.

How long does the process take?

The entire auction and advance process takes approximately 5 days. A typical auction takes 24 hours and the remaining 4 days is to submit all documentation to the winning bidder.

Will my customers know I am using invoice financing?

There are two fundamental types of invoice financing; invoice factoring and invoice discounting. With invoice discounting your customers do NOT know that you are factoring your invoices. With invoice factoring your customers are notified that your business is using invoice factoring and to remit payment directly to the factor.