Let Silver Oak Funding help you with our Factoring Program
We can help your business get up to $6 Million in Financing.
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Our team has helped over 5K businesses receive
$1 Million+ Funding
Services
Unlike standard business loans or revenue advances, invoice factoring creates an increase in cash with money that’s already owed to your business by customers.
This can be particularly helpful because instead of having to wait as long as 90 to 120 days for customers to pay your business, you can get this money in a matter of days from Silver Oak Funding!
With invoice factoring you have immediate, ongoing cash flow and there is no collateral required. Not only will your business have a much better chance of approval for invoice factoring than a traditional business loan, but factoring your invoices will give you the added flexibility of borrowing an amount that is decided by your current invoices.
Let Platform Funding get you $5,000 – $3 million per month and remember the amount factored is contingent on your invoices so you won’t be surprised by a sudden change in economic climate, or any external factors, and you’ll be able to use the working capital at the rate you think is best.
Why choose factoring?
Factoring turns your invoices into immediate capital. You sell your invoices and we advance you immediate funds, then we collect from your customers and advance you the balance minus a small fee.
The 4 biggest factors that we consider when providing invoice factoring are:
Your customers’ credit worthiness
The amount of reoccurring customers/invoices
Industry
History working with those customers
What to expect
Get Funded in 3 simple steps
1
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Apply securely online
Visit our Get Funded page and start the application process. It’s simple, quick and easy and most importantly, completely secure. We only require 3 recent business bank statements to begin the funding application.
2
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Select a funding plan
We start by assigning a business funding specialist to determine exactly what your borrowing needs are. Next, we’ll design a program focused on your funding request and desired repayment terms.
3
Receive Your funds
After you receive your funds, begin the repayment process. Our team will always be available for any future funding requests. For any future funding our renewal funding specialists are on standby for all your upcoming funding needs. Just call us or visit our Get Funded page.
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Questions
See our FAQs to get answers for your questions.