Invoice Factoring: Turn Unpaid Invoices Into Cash Today
Sell your outstanding invoices for immediate cash instead of waiting weeks or months for customers to pay, so slow payers stop dictating your cash flow.
- Applying will not impact your credit score
- Funding decisions in as little as 24 hours
- A dedicated funding specialist, not a call center
The basics
What is invoice factoring?
Invoice factoring turns invoices you've already billed but haven't been paid on into immediate cash. Instead of waiting on your customers' payment terms, you sell those outstanding invoices to TrustFi at a discount and receive an upfront advance, often within a day or two of approval. Your customer then pays the invoice directly per the agreed terms, and you receive the remaining balance, minus fees, once it settles. It's built for businesses that are profitable on paper but cash-strapped in practice.
Because factoring is based on your customers' creditworthiness rather than your own credit history, it's often accessible to newer businesses or those that don't qualify for a traditional term loan. It also scales with your sales: the more you invoice, the more funding you can access, without taking on a fixed loan balance. The tradeoff is that your customers may interact with the factoring company during collection, so it works best when you're comfortable with that visibility.
Best suited for
- Covering payroll while waiting on a large corporate client's invoice
- Taking on a bigger contract without turning down the work
- Smoothing cash flow for businesses with long customer payment terms
- Funding growth without qualifying based on your own credit history
- Bridging the gap between fulfilling an order and getting paid
Step by step
How it works
- 1
Submit your invoices
Send over the outstanding invoices you'd like to factor along with basic details on your customer, so we can evaluate their payment history and creditworthiness.
- 2
Get an advance offer
TrustFi reviews the invoices and your customer's credit profile, then presents an advance amount and fee structure before you commit to anything.
- 3
Receive your funds
Once you accept, the advance is released, often within a day or two, giving you immediate cash against work you've already completed and billed.
- 4
Customer pays, you settle
Your customer pays the invoice per its normal terms, and once it's collected, you receive the remaining balance minus TrustFi's factoring fee.
An honest look
The upsides, the tradeoffs, and what you'll need
Every funding product has a shape that fits some businesses better than others. Here's the straight version.
Advantages
- Fast access to cash already owed to you
- Approval based on customer credit, not just yours
- No new fixed-term debt added to your balance sheet
- Funding scales automatically as your invoice volume grows
- Frees up time normally spent chasing slow payers
Tradeoffs
- Fees reduce the total amount you ultimately collect
- Your customers may deal directly with the factoring company
- Best suited for B2B invoices, not consumer sales
Typical requirements
- Typically requires B2B invoices billed to creditworthy business customers
- Typically outstanding invoices that are not already pledged elsewhere
- Typically an established invoicing process and clean accounts receivable records
- Typically a minimum level of monthly invoice volume
- Typically no outstanding liens conflicting with the invoices being factored
Not sure yet?
When another option might fit better
We would rather point you to the right structure than sell you the wrong one.
Who uses this
Industries that lean on invoice factoring
Trucking & Transportation
Funding for trucking companies managing broker payment lags, fuel costs, and fleet repairs.
Funding for trucking & transportationManufacturers
Loans and credit lines for manufacturers to fund machinery, raw materials, and cash flow between purchase orders.
Funding for manufacturersConstruction Companies
Funding for contractors managing retainage delays, seasonal slowdowns, and heavy equipment costs.
Funding for construction companiesMedical Practices
Funding built for the reimbursement lag between treating a patient and collecting from the insurer, so a practice's cash flow doesn't run on the payer's schedule.
Funding for medical practices
Client stories
We're proud to be part of their journey.
The success of our clients is our greatest reward — 350+ five-star Google reviews and counting.
TrustFi was fantastic to work with on our business capital funding needs. They were professional, efficient and provided the best customer service experience I've had in this industry. We will continue to partner with TrustFi on our funding needs going forward. Highly recommend!
MMaria O. My experience with Griffin Ferro and his team at TrustFi was fantastic. He was able to get me funding in one day. Griffin's communication was awesome. He made sure I knew what was going on every step of the way. He took the time to make sure I completely understood all the aspects of the transaction.
JJohn Highly recommend and a great experience. Gary had our best interest in mind, with professionalism, dedication and care. They really supported our business needs. Great customer service as well!
TTim F.
What is invoice factoring?
Invoice factoring is a way to turn unpaid customer invoices into immediate cash. Instead of waiting for your customer to pay on their normal terms, you sell the invoice to TrustFi for an upfront advance. Your customer then pays as usual, and you receive the remaining balance once it's collected, minus a factoring fee.
Is invoice factoring a loan?
Not exactly. Invoice factoring isn't a loan against your business, it's a sale of an asset you already own: an unpaid invoice. That distinction matters because approval leans more on your customer's creditworthiness than your own credit history, and it doesn't add a fixed-term loan balance to your books the way traditional borrowing does.
Will my customers know I'm using invoice factoring?
In most factoring arrangements, yes. Your customer typically pays the invoice to TrustFi directly rather than to you, since TrustFi has purchased the invoice. Many established businesses use factoring routinely, so it's generally not viewed as unusual. If customer-facing visibility is a concern, discuss arrangement options with a funding specialist before you commit.
How much does invoice factoring cost?
Factoring costs come out of the invoice as a fee rather than as a traditional interest rate, and the exact amount depends on your customer's creditworthiness, invoice size, and how quickly they typically pay. TrustFi lays out the fee and advance amount upfront, before you commit, so you know exactly what you'll net.
How fast can I get funded through invoice factoring?
Once your invoices and customer details are submitted, TrustFi targets a 2-hour response to begin review, and advances are often released within a day or two of approval. Because approval leans on your customer's credit profile rather than a lengthy review of your own financials, factoring tends to move faster than many traditional loans.
Does applying for invoice factoring affect my credit score?
No. Applying does not impact your credit score. TrustFi's review focuses primarily on your outstanding invoices and your customers' payment history rather than a hard pull on your personal or business credit, so you can explore your options without worrying about a score impact.
Ready to explore invoice factoring?
Apply in under 10 minutes and a specialist will walk you through your real options — no obligation, no credit impact.
- Applying will not impact your credit score
- Funding decisions in as little as 24 hours
- A dedicated funding specialist, not a call center
- Transparent terms with no hidden fees