Factoring is a form of asset based lending that allows you to use your commercial accounts receivables as a financing asset, to generate immediate cash. LeaseSource will purchase your customer invoices and, upon approval, advance up to 80% of its face value. Approvals may be obtained in as little as two days from receipt of your application package in many cases. You may obtain funds within two weeks! Then, the funds are paid back through collections from your customers. The balance of the funds, less the factors fee and discount, is released once the receivables are collected.

Factoring, or accounts receivable financing, is an ideal alternative if your business is having difficulty meeting the stringent criteria of a typical bank loan. Funds are advanced to you, and then paid back through collections on your customers’ invoices. Getting financing for a business loan has never been easier!