Invoice Factoring in Green Bay, WI
Invoice factoring in Green Bay converts your outstanding B2B invoices into immediate working capital by selling them to a factoring company at a discount.
Invoice factoring in Green Bay converts your outstanding B2B invoices into immediate working capital by selling them to a factoring company at a discount.
Invoice factoring
Invoice factoring (also called receivables factoring or ar factoring) is a transaction where your business sells its unpaid invoices to a factoring company at a discount in exchange for immediate cash. The factoring firm then assumes responsibility for collecting payment from your customer. This is not a loan; you're selling an asset. Once your customer pays the factoring co, you receive the remaining balance minus the factoring fee. Green Bay manufacturers, logistics providers, and staffing agencies use factoring to smooth cash flow gaps caused by long payment terms, especially when traditional bank credit isn't accessible or fast enough.
Qualification focuses on your customers' creditworthiness, not yours. Factoring companies review your invoices and evaluate whether your clients are likely to pay on time. Startups, businesses with limited credit history, and companies recovering from financial challenges often qualify because the factoring firm is buying a receivable backed by a creditworthy third party. Green Bay trucking operators hauling for national retailers and De Pere precision-parts manufacturers supplying tier-one automotive clients typically meet underwriting standards because their customers have strong payment histories.
Green Bay's freight and logistics corridor along Highway 41 creates steady demand for factoring companies for trucking companies. Owner-operators and small fleets use factoring company trucking services to cover fuel, maintenance, and driver pay between loads without waiting weeks for broker settlements. Local staffing firms placing workers at Titletown Tech and the Port of Green Bay rely on invoice financing to meet Friday payroll when client invoices won't clear for 45 days. Machine shops in Ashwaubenon and food processors in Suamico turn to factoring receivables during seasonal production peaks when material costs spike but customer payments lag.
How it works
As a licensed commercial-loan broker, Myrtle Business Capital connects your Green Bay business with factoring companies for trucking industry clients and other B2B sectors. We start by reviewing your accounts receivable aging report and customer list. You'll provide recent invoices, customer contracts, and a brief overview of your payment terms. We then match your file to factoring firms whose underwriting criteria align with your industry and invoice profile. Application typically takes one business day; funding can occur within 48 hours of approval. Our brokerage model means we present your scenario to multiple factoring partners, increasing your chances of favorable terms without you contacting dozens of trucking company factoring companies individually.
A family-owned freight brokerage based near Austin Straubel International Airport manages 12 owner-operators hauling refrigerated goods between Green Bay and Chicago. Their shippers demand net-60 payment terms, but drivers need fuel advances and weekly settlements. The brokerage brings 90 days of clean invoices and a roster of investment-grade shippers to Myrtle Business Capital. We broker the file to a factoring company specializing in regional LTL carriers. The factoring firm advances funds on each load within 24 hours of delivery confirmation, and the brokerage uses that cash flow to pay drivers on time, keeping trucks moving and contracts intact.
How it works
Call Myrtle Business Capital at (920) 269-9402 to discuss your receivables profile. Bring your most recent aging report and a list of your top five customers. We'll walk you through documentation requirements and explain factoring fees in plain language, no hidden costs, no surprises. If factoring isn't the best fit, we'll explore alternatives like working capital loans or a business line of credit. Visit our office at 700 Pilgrim Way, Green Bay, WI 54304 to review sample agreements and timelines. We also serve businesses throughout our service areas, including Howard, Hobart, Oneida, and Ledgeview.
Serving the Green Bay area
We know which lenders fund which kinds of Green Bay businesses, and we position your file where it fits.
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Common questions
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Why Green Bay owners trust Myrtle Business Capital