Invoice Factoring

Turn unpaid invoices into cash flow, fast.

Apply online in about 3 minutes. Get cash for your outstanding invoices instead of waiting 30, 60 or 90 days for customers to pay. Funding in as little as 24 hours, with no obligation.

  • Funding up to $500,000
  • Funding in as little as 24 hours
  • Cash based on your invoices
  • Minimal paperwork
  • Unlock cash tied up in unpaid invoices
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Invoice Factoring

Minimum Requirements

These are the basic criteria to be eligible for invoice factoring with Monark.

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  • $20,000 in monthly revenue
  • 550+ Credit score
  • 6+ months in business
  • Business bank account

How Invoice Factoring Works

Invoice factoring turns your unpaid invoices into cash now. Instead of waiting 30, 60 or 90 days for a customer to pay, you sell the invoice to a funding company and receive most of its value up front. When your customer pays, you receive the remaining balance, less a fee.

A simple example

Say you invoice a customer $40,000 on 60-day terms, but payroll is due next week. With factoring, you can receive a large share of that $40,000 in as little as 24 hours, then the balance when your customer pays, minus the fee. Your exact advance and fee depend on your invoices, your customers and your agreement. We walk you through every number before you accept anything.

Who it is a good fit for

  • Businesses that invoice other businesses or government agencies
  • Owners who wait weeks for customers to pay
  • Growing businesses where sales are outpacing cash on hand

Factoring or merchant cash advance?

Factoring is based on the invoices you have already issued. A merchant cash advance is based on your overall monthly sales. A line of credit is another flexible option. A funding specialist can compare them for your situation at no cost and with no obligation.

What happens after you apply

  1. Apply online in about 3 minutes.
  2. Share your open invoices and customer details.
  3. Review your offer with no obligation to accept.
  4. Get funded in as little as 24 hours after you accept.

Ready to see what you qualify for? See My Options or call (954) 355-6622.

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Speak to a funding specialist

Speak with a funding specialist to see what you qualify for. No obligation.

    Frequently asked questions

    Invoice factoring is a way to get cash for unpaid invoices right away. You receive most of the invoice value up front and the balance, less a fee, when your customer pays.

    No. Factoring is based on your invoices, not on a new payment schedule. You receive cash for money your customers already owe you.

    Businesses that invoice other businesses or government agencies, such as staffing, trucking, wholesale, manufacturing and service companies.

    You pay a fee on the invoices you factor, usually a percentage of the invoice amount. Your exact fee depends on your invoices, your customers and your agreement, and it is shown to you before you accept.

    Many owners are funded in as little as 24 hours once a decision is made and documents are in. Timing depends on your business and how quickly we receive your documents.

    It usually doesn’t affect your credit score. In some cases a soft credit check may be used, and we’ll let you know first.