How it Works:
Invoice Factoring is a financial transaction where as a business sells it accounts receivable known as an invoice to a third party known as a Factoring company, for immediate cash advance to the business.
As a Moon Financial Client, it’s easy to factor your receivables for immediate cash. It works like this:
1. We establish a credit limit on the customers you submit for invoice factoring
- Tell us their business name, address, and amount you need
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Pull credit and establish a limit without delay
On smaller requests, get instant credit online with FastCredit
2. You deliver your product or service as usual
3. You send or deliver your invoices
- Use our simple form to summarize and calculate the amount
- Attach the proof of delivery you usually send to your customer
4. The product gets verified that it was received or service performed
5. You receive your cash
- Wire funds into your bank account within 24 hours
- Retain the agreed fee for service
6. Your invoices are forward to your customers and they pay us directly.
It’s really that simple. And you can monitor the status of all your transactions online 24/7, on a real-time basis at no extra charge.
