Invoice factoring is a financial arrangement where a business turns over it outstanding invoices to a factoring company and receives immediate cash. With Inspire, we’ll advance a significant portion of the invoice’s value upfront, providing you with quick access to cash, When your clients pay the full invoice amount, we’ll deduct our advance amount plus a small fee and return the balance to the business.

It can be a good solution for many businesses, but not for all. Consider these questions:
• Do you need access to the cash tied up in accounts receivable to meet ongoing business expenses?
• Are your customers dependable and pay invoices on time?
• Will your customers be willing to sign the necessary paperwork agreeing to redirect payment to settle the invoice to Inspire?

If you answered yes on all 3 counts then factoring is right for you.

You’ll have the option of customising an introductory email template that explains the process to your client. We make the onboarding process easy and will keep you in the loop before every interaction with your customers.