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Factoring Company In chicago

We Convert Invoices Into Cash

Instant cash advances within 24 hours

Get instant cash flow to cover your business expenses

No contracts or monthly minimums

Cancel anytime; choose the invoice you want to factor

Same-day approval for eligible accounts

Send us an inquiry to get started today!

What is factoring?

2022-10-18_17-57-46 1 (1)-min
Factoring is a financing solution that allows businesses like yours to convert accounts receivable into immediate cash. Instead of waiting for your customers to pay your invoices, we provide you with the funds you need right away. Enabling you to cover operational expenses, invest in growth opportunities, and meet your financial obligations without delay.

With the help of factoring companies like Factoring Express, you can secure fast funding, avoiding bad debts and hefty interests.

We give you a hassle-free way to get paid quickly, so you don’t have to go out of pocket for payroll, rent, utilities, maintenance, and other miscellaneous business expenses.

Our invoice factoring services are flexible, allowing us to increase funding, so your cash flow grows with your company.

Regardless of your current credit history or financial condition, you can easily fund your unpaid invoices within 24 hours.

We provide factoring for the following businesses

Transportation
factoring company trucking
Health Care Companies
Medical Factoring Company
Staffing companies
Factoring Company for Staffing Agency
Staffing companies
Factoring Company for Staffing Agency
Government Vendors
Government Vendors
Merchandise
Contractors
Contractors Factoring Company

Get flexible funding with factoring for business

Factoring Companies
At Factoring Express, we understand the financial challenges that businesses face when it comes to managing cash flow and maintaining a healthy working capital. This is why we are dedicated to provide scalable and flexible financing to help grow your business. With us, you can turn outstanding invoices into immediate cash for a minimal fee

How do our factoring services work?

Streamlined application process
Our application process is quick and straightforward. We’ll work closely with you to gather the necessary information and understand your business requirements. Once approved, you can get started right away.
Invoice submission
After approval, you can begin submitting your outstanding invoices to us. Our team will verify the authenticity and validity of the invoices and start the factoring process immediately.
Immediate cash advances
Upon verification, we will advance up to 97% of the invoice value to you, typically within 24 hours. This provides you with instant cash flow to cover your immediate expenses.
Collections and account management
We take care of the collections process, dealing directly with your customers to ensure timely payments. Our experienced team handles communication, reducing your administrative burden and allowing you to focus on running your business.
Remaining invoice value
Once your customers pay the full invoice amount, we will provide you with the remaining value, minus a small factoring fee. This fee is transparent and will be discussed and agreed upon during the application process.
Get Started Today!
Factoring Express specializes in financing for a variety of industries and businesses. Learn how we can help improve your cash flow by contacting us today!

Industries we serve

Factoring Company for Trucking
Transportation
We offer invoice factoring for small and large businesses in the freight, logistics, and trucking industries. After delivering your load, send us the paperwork and we will fund your invoice within 24 hours. You’ll get paid instantly instead of waiting for 30, 60, or 90 days for brokers and shippers to pay.

Health Care Companies

We are one of the top factoring companies for medical accounts receivable. Whether you have a small practice or a large health care organization, we can provide up to $100 million in funding by factoring your outstanding insurance receivables. Allowing you to sustain, expand or acquire other companies.

Factoring Company for Healthcare
Factoring Company for Staffing
Staffing companies
We understand that your success relies heavily on placing qualified personnel with clients, but the lengthy payment cycles associated with the industry can put a strain on your financial resources. With our factoring payroll services, you can close the cash flow gap and ensure workforces are paid on time.
Government Vendors
While government contracts can be lucrative opportunities, it often suffers from slow payments due to paperwork and bureaucracy. This is where our invoice factoring company comes in – we advance funds on your contracted invoices to keep your business thriving.
Factoring Company for Government
Merchandise
Companies in the consumer products and services industry are very sensitive when it comes to payment delays. To help, we provide invoice financing solutions to keep your production and manufacturing sustainable, preventing you from compromising quality due to delayed payments.
Contractors
Our invoice factoring for small businesses is designed to meet the unique needs of contractors from various sectors. This allows contractors to have instant funding to pay subcontractors, suppliers, and cover other expenses.

Why choose Factoring Express as your factoring company?

Factoring Express aims to be the best factoring company for a wide range of industries. Here’s why our clients trust our solutions:
No contracts
No setup fee. No termination fee. Cancel anytime you like.
No hidden fees
We offer transparent and honest pricing for our clients – you’ll always know what you are paying.
Collection is our priority
We have a dedicated team who will work closely with you and your customers to collect unpaid invoices fast.
Get your own client portal
You’ll get your own portal where you can check customer credit, paperwork, aging reports, our collection team notes, and more. We will also send you an annual report for tax purposes.

From the factoring blog

What to Look for in a Factoring Company for Your Trucking Business

What to Look for in a Factoring Company for Your Trucking Business

For this post, we discussed a brief guide of what you need to know before hiring a factoring company. Make sure you read the points below before signing the factoring agreement to ensure that your fleet is in the right hands. Because when it comes to your business's finances, you simply can't take chances.
5 Common Myths About Factoring for Trucking Companies Debunked

5 Common Myths About Factoring for Trucking Companies Debunked

Factoring has proven to be an effective financial solution for trucking businesses, so they no longer have to wait 30 to 90 days for payments to arrive. Despite being a popular service, there are some misconceptions surrounding factoring that make some businesses shy away from this growth-boosting solution.
Top Industries That Benefit from Factoring Services

Top Industries That Benefit from Factoring Services

In this post, we'll delve into the top industries that will benefit the most from factoring services. Whether you own a small or medium-sized business, you should definitely consider factoring services if you're in one of the industries we discussed below.

Benefits of factoring for businesses

Like the best factoring companies, our goal is to help your business grow by enjoying these benefits:
Instant cash
Get immediate payments on your invoices within 24 hours
Reduce Bad Debt
By having access to credit reports on new prospective clients.
Reduce overhead costs
Cut down your expenses associated with invoice processing and payment follow-ups
Offer better credit terms
Offer your customers better credit terms without negatively impacting your cash flow

What customers say about our factoring service

What our customers say

Vitali Muradyan

I recently used a Factoring Express company couldn’t be happier. The process was smooth and efficient and the customer service was outstanding. The company was very knowledgeable and provided me with the knowledge I needed to make the best decision for my business. I was able to get the money I needed to keep my business running and the rates were competitive.

Katie Cheb

Factoring Express is by far one of the best our company has ever used! GREAT communication and they address outstanding issues quickly! Working with them is extremely easy and hassle free,you get your invoices paid instantly and without any issues! Highly recommend!

Delta Group Inc.

I was signed up with another factoring prior to Factoring Express and it was the best change I have made. Their app is very easy to upload your bills and keep track of what was already purchased. Great experience overall and Natan is always extremely helpful.

Raul Gutierrez

Our experience with Natan and the team at Factoring Express could not have gone any smoother. Everyone we have dealt with at Factoring Express has been extremely professional and knowledgeable. I cannot imagine going with any other company!

Alex Baranouski

Great, great factoring company! Easy to work, everything is transparent and clear, no hidden fees. Highly recommended!!!

Freelance Trucking Inc.

Natan and his team are very professional! Excellent service. Highly recommended!

Colleen Brion

Great factoring company. Very flexible and offers a good rate. They approved me many times for funding which covered a lot of expenses of my trucking business. The guys protected me from bad brokers so I highly recommend them.

Evalyn Thurstan

I had worked with 5 factoring companies before and only Factoring Express worked for my freight business. They never pressured me to make decisions like others did. Their team walked me step by step in the invoicing/collection process.

Frequently Asked
Questions

Is factoring a type of loan?

Factoring is different from a loan, in the sense that you’re not borrowing money. Instead, factoring companies for small businesses purchase your unpaid invoices and take the responsibility of collecting from your customers. It’s an advanced payment, so there’s no interest to pay and you won’t incur additional debt on your record.

Where can I find the best factoring companies near me?

Factoring Express offers financing solutions in all 50 states in the US. If you want to improve your cash flow, contact us, and our team will discuss how we can help.

What type of invoices can I factor?

We can get you set up within the same day as long as required paperwork submitted during the business hours.

How do I start factoring?

All you have to do to get started is give us a call. You can also fill out our online form and our specialist will contact you shortly.

What do I need to start factoring?

To start factoring for small businesses, you’ll need to complete our application form and send us the necessary paperwork. This includes your list of customers, invoices you want to factor, accounts receivable aging report, and more. Our team will work closely with you to help you get started right away.

What industries do you serve?

Our factoring for small businesses is available for a wide range of sectors, including transportation, medical and healthcare, government vendors, contractors and other businesses. If you want to know how our service works for your industry, contact us and let’s start the discussion.
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