What is Factoring?
Factoring is a method of financing where a Factor purchases invoices or accounts receivable from businesses whose cash flow is insufficient to meet current obligations and accommodate other cash needs, such as new orders or contracts.Read more
How Factoring Works
- 1. You have slow paying invoices
- 2. We purchase your invoices paying you cash
- 3. We collect on the invoice
Increase Cash Flow
It’s simple. If you have slow paying or inconsistently paid invoices contact us and we can help you smooth out your cash flow. We will sit down with you and explain how factoring works and how it will improve your cash flow and improve your ability to operate your business.Read more
Onyx Capital Group Factoring Solutions
Cash Flow Factoring Solutions
Factoring helps you stabilize your cash flow to meet ongoing expenses, removes you from the collection process allowing you to focus on your core business, and can provide the needed capital on hand to grow your business. It provides the cash on hand that allows you to maintain and invest in your business.
Securing cash from factoring is different than securing cash through a loan from a traditional bank. Factoring doesn’t require you to incur debt, rather it provides you cash by speeding up the process of receiving payment for your outstanding invoices.
Factoring is different from taking on a new partner to obtain an injection of capital. With factoring you don’t need to dilute your ownership by having to bring on new partners.
Since 1998 Onyx Capital Group, LLC has been helping businesses “survive” and “thrive” through our factoring services. We are here to help your solve your cash flow problems. We help you navigate the ups and downs of everyday business ensuring a smooth flow of cash is available to your business. We are here to help you.
Unlock Your Cash Flow. Complete the Request Form to the right to get your factoring quote. We can offer factoring rates as low as 1.5% (based on industry, volume and location). Or simply call us toll free at (888) 610-4474.