Need cash today but customers pay in 30, 60, or 90 days? Invoice factoring in Fort Collins converts your unpaid receivables into working capital within hours, not months.
Invoice factoring
Invoice factoring is the sale of your accounts receivable to a third-party factoring company. You deliver goods or services to a customer, generate an invoice, then sell that invoice to the factoring firm. They advance most of the invoice value to you right away and collect payment directly from your customer. When your customer pays in full, the factoring company releases the reserve minus their fee. It's not a loan. You're selling an asset you already own. Fort Collins businesses with long payment cycles, especially those serving national accounts or government contractors, use factoring to smooth cash flow without taking on debt or giving up equity.
Invoice factoring
You qualify if you invoice other businesses or government entities and your customers have decent credit. The factoring company cares more about your customer's ability to pay than your own credit score. Startups, companies with past bankruptcies, and fast-growing firms all use factoring. Common users in the Fort Collins area include trucking fleets hauling out of the I-25 corridor, manufacturing shops in the Prospect Road industrial zone, staffing agencies, distributors, and B2B service providers. Factoring companies for trucking companies are especially active here because carriers can't wait 60 days for brokers to pay while fuel and payroll come due every week.
Invoice factoring
Businesses use invoice factoring to cover payroll, buy inventory, fuel trucks, hire crews, and take on larger orders without waiting for customer payments. A Timnath-based trucking company might factor every load to keep drivers paid and diesel tanks full while freight brokers drag out payment terms. A Wellington machine shop landing a big contract can factor those invoices to buy raw materials and meet the delivery schedule. Factoring receivables turns your invoice book into a line of credit that grows with your sales.
How it works
Call (970) 550-5802 or visit our office at 301 Remington St in Fort Collins. We review your invoice aging report, customer list, and business profile, then match you with factoring firms that specialize in your industry. Trucking company factoring companies, for example, understand per-load advances and broker verification. We submit your application to multiple factoring companies, negotiate advance rates and fees, and help you close in days. You stay focused on operations while we handle the broker work.
Invoice factoring
A family-owned trucking outfit based near the Budweiser plant off I-25 runs 12 trucks hauling refrigerated loads across the Rockies. Freight brokers pay on net-60 terms, but fuel, insurance, and driver wages hit every week. The owner partnered with Driftwood Advances to connect with a factoring company for the trucking industry. Now each load's invoice is submitted electronically, and funds hit the bank account within 24 hours. The company no longer juggles credit cards or delays maintenance. Factoring let them add two more trucks this year without a traditional loan.
For more funding options, explore our Fort Collins commercial loan programs or review other solutions like working capital financing and business lines of credit. We serve Fort Collins and surrounding communities including Laporte, Timnath, Masonville, Bellvue, and Wellington.
Related programs
Serving the Fort Collins area
We know which lenders fund which kinds of Fort Collins businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
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