How CashMyInvoice Works
Find the best factoring company for your business in 4 simple steps. 100% free - we do the comparison work for you.
Tell Us About Your Business
Share details about your company, industry, and invoice volume. Takes just 2 minutes. You can fill out our form or talk to Casey, our AI assistant.
We Find the Best Match
We analyze your needs and compare options from our network of 15+ trusted factoring companies. We look for partners who specialize in your industry.
Get Connected
We introduce you to 1-2 factoring companies that are the best fit for your business. They contact you directly with no-obligation quotes.
Choose & Get Funded
Compare the quotes you receive and choose the factoring company that works best for you. Once approved, most companies fund within 24-48 hours.
How Invoice Factoring Works
Once you choose a factoring company, here's how the process typically works:
Example: You complete a $10,000 job for a customer with 45-day payment terms.
Total You Receive: $9,500 + $300 = $9,800
(Your cost: $200 to get paid 44 days early)
Note: Rates and advance amounts vary by factoring company. This is a typical example. CashMyInvoice helps you compare quotes to find the best deal.
Frequently Asked Questions
Is CashMyInvoice really free?
Yes, 100% free! We never charge businesses anything. Factoring companies pay us a referral fee when we introduce them to qualified leads - so you get our service at no cost.
How is this different from going directly to a factoring company?
When you go directly, you only see one company's rates. We compare multiple companies for you, often finding better rates because our partners compete for your business. Plus, we know which companies specialize in your industry.
What does invoice factoring cost?
Rates typically range from 1% to 5% of the invoice value, depending on your industry, invoice volume, and customer creditworthiness. Our partners can give you exact quotes.
Do I need good credit to qualify for factoring?
Not necessarily! Factoring companies primarily evaluate your customers' credit, not yours. Many businesses with poor credit qualify for factoring.
Am I obligated to use one of your partner companies?
Absolutely not. You're under no obligation. We provide free quotes and information - you decide if and when to move forward.
How do factoring companies make money?
Factoring companies advance you money against your invoices (typically 80-98%), then collect payment from your customers. They keep a small fee (1-5%) when your customer pays.
Ready to Find Your Best Factoring Match?
Get free quotes from trusted factoring companies - takes just 2 minutes.