INVOICE FACTORING
WHEN YOU NEED IT
We offer a refined suite of services meticulously crafted to meet your unique needs. We specialize in assisting companies like yours navigate the complexities of cash flow management, particularly in the face of slow payments from clients.
5 Days To Close
1 Hour Pre-Approval
5/5 Star Customer Service
5 Days To Close
1 Hour Pre-Approval
5/5 Star Customer Service
OUR SERVICES
Commercial Construction
Unlock immediate cash flow for your construction business and say goodbye to long waiting periods for invoice payments. With Spark Factoring’s receivables factoring solutions, contractors and subcontractors gain rapid access to funds, empowering you to focus on your core expertise – driving the growth of your commercial construction enterprise.
TEMPORARY staffing
Navigating the challenge of meeting weekly payroll becomes formidable when clients extend payment terms to 30, 60, or even 90 days, hindering your operational agility. Expanding your team to accommodate company growth exacerbates the strain on working capital as receivables accumulate. We can provide the vital capital backup necessary to convert receivables into dependable cash flow, empowering your staffing business to thrive.
OTHER INDUSTRIES
We also offer tailored receivables factoring solutions to select clients in other industries, including trucking, manufacturing, and oil and gas. Our flexible financing options provide you with quick access to funds, allowing you to maintain smooth operations and seize growth opportunities. With our assistance, you can concentrate on what you do best while we handle your cash flow needs effectively.
What is FACTORING?
Spark Factoring’s accounts receivable factoring services allows you to sell an invoice or invoices in exchange for a small percent of the invoice amount. This allows you to quickly fill temporary cash flow gaps rather than wait the 30-90 days for client payment.
Accounts receivable FACTORING is A great alternative TO OTHER FINANCING OPTIONS:
- Quick funding after becoming a client
- Easy to qualify
- Perfect credit is not required
- The invoices are the collateral
HOW FACTORING WORKS
We are experts in commercial construction and temporary staffing invoice factoring solutions. Spark Factoring is your trusted partner for accessing working capital precisely when you need it most. Our team of seasoned professionals is dedicated to empowering businesses like yours with the financial resources necessary to navigate challenges and seize opportunities effectively.
1 SEND
Send your invoice(s) to your customer after completing the work.
Step 1
SUBMIT APPLICATION
Complete forms and join our client portal.
2 SUBMIT
Send us the invoices that you’d like us to factor.
Step 2
SEND INVOICES
Send us your invoices that you'd like us to factor.
We provide you with a cash advance up to 95% of the invoice value.
Step 2
SEND INVOICES
Send us your invoices that you'd like us to factor.
Your customer pays us the amount of the invoice.
Step 2
SEND INVOICES
Send us your invoices that you'd like us to factor.
We send the remainder of the invoice value to you, minus our factoring fee.
Step 2
SEND INVOICES
Send us your invoices that you'd like us to factor.
BENEFITS OF INVOICE FACTORING
Whether you’re a small business owner or manage a large operation, factoring invoices can be a major asset for your B2B strategy. It offers benefits that other traditional learning options can’t provide, plus it is a more accessible solution for many businesses. Invoice factoring provides some important advantages for small businesses.
Immediate Boost in Working Capital
Rather than having to wait 30, 60 or 90 days to get your invoices paid by your customers, you can typically collect payment in as little as 24 hours by the invoice factoring company. This gives your working capital an immediate boost and allows you to get back to business.
Simple Approval Process
Applying for invoice factoring is much easier than getting a business loan from a bank. Getting a loan can prove out of reach for many businesses with limited collateral and a short financial history, whereas invoice factoring may be a viable option.
Unlock Business Growth
Factoring your invoices helps your business unlock capital needed to finance growth without giving up equity. You can enjoy enhanced cash flow without sacrificing equity in your business or taking on unwanted debt.
Easily Meet Business Expenses
Many businesses experience ebbs and flows which can be influenced by the economy or seasonal trends. With invoice factoring, your cash flow can be more consistent year-round, allowing you to more easily meet payroll and other business expenses.
Outsource Collections
When you factor invoices, the factoring company handles collections. This saves you and your employees time and energy that you can devote to other tasks.
AR FACTORING - Giving You Back Control
Our experienced and educated team is happy to answer all your accounts receivable financing questions.
Frequently Asked Questions
1. Apply with us online
2. Get approved
3. Send us the invoices you’d like to factor
4. Get funded within 24 hours
Our process is meticulously designed for immediate responsiveness to your needs, ensuring some of the fastest cash turnaround times in the industry.
With a team of skilled employees strategically located across the U.S., we ensure swift credit approvals, seamless invoice processing, and prompt fund disbursements.
Spark Factoring offers funding between $5,000 and $5,000,000. Your credit line or loan amount will be determined based on a review of your business, personal FICO score, as well as other criteria.
We prioritize understanding and fulfilling our clients’ needs, fostering trust and building long-lasting, satisfying customer relationships through consistent personalized service.
Our straightforward application process, absence of set-up fees, and lack of long-term contracts ensure that getting started with us is as easy as possible.
The Spark Factoring application is three simple steps that can be completed in minutes.
We ask for:
General information about your business, such as address and Tax ID
Information about the business owner applying, including social security number
Current financials and current AR + AP aging.
The information you provide is stored in accordance with our strict Privacy Policy and encrypted to make sure that it is always safe and secure.
Qualification for Spark Factoring is determined based on the following: your business cash flow, the strength of your customers, and to a lesser extent your personal and business credit history. You do not have to have perfect credit to work with us. We work with a broad range of clients, including those with below average credit.
To meet the minimum requirements for Invoice Factoring and you must have a personal credit score of 530 or more.
Any business that serves businesses or governments is eligible for Invoice Factoring. Invoice Factoring is available in all states.
The information you provide is stored in accordance with our strict Privacy Policy and encrypted to make sure that it is always safe and secure.
Yes, that’s why we are here.
Our decision process is different than a bank’s. While we take credit history into consideration we focus on the quality of your customers, not only personal credit history.
A great advantage of Spark’s invoice factoring is that you can leverage the credit-worthiness of your customers.
Industry Affiliations
GET IN TOUCH
For over three decades, our team has been a trusted partner for thousands of commercial construction & temporary staffing businesses, offering tailored solutions to boost working capital and overcome financial challenges.