Invoice factoring allows business, equivalent to oilfield service companies, to capture revenues that may have been locked up in slow payment of invoices. Factoring reduces the time it takes your business to get paid, so you possibly can stay present on payroll and payables.

Collect all of the documentation you’ll require for the applying earlier than making use of. You will have proof of earnings (often two recent paystubs will be enough), proof of employment (your paystubs might suffice for this as nicely), and proof of residence (a photo ID ought to work advantageous). You might not be requested for …