Invoice factoring converts your outstanding invoices into immediate working capital, typically funding within 24 to 48 hours. Thrush Credit brokers invoice factoring arrangements that let West Jordan businesses unlock cash tied up in receivables without waiting 30, 60, or 90 days for customer payment, maintaining operations and payroll on your schedule.
Invoice factoring
A factoring company purchases your unpaid B2B or B2G invoices at a discount, advancing 70 to 90 percent of the invoice value within one to two business days. You receive immediate cash; the factoring firm collects payment directly from your customer when the invoice matures. This isn't a loan, so no debt appears on your balance sheet, and approval hinges on your customers' creditworthiness rather than your own credit score. West Jordan's concentration of freight brokers along the 7200 South corridor and fabrication shops near the Mountain View Industrial Park makes invoice factoring especially valuable for businesses serving clients with net-30 or net-60 terms. Speed matters when payroll hits every two weeks but your invoices clear quarterly.
Who we serve
Factoring companies for trucking companies dominate the receivables market because carriers cannot wait weeks for broker payments while fuel, maintenance, and driver wages demand immediate cash. Trucking company factoring companies advance funds against bills of lading the same day a load delivers, keeping rigs rolling without cash-flow gaps. Beyond freight, West Jordan staffing agencies, HVAC contractors, and wholesale distributors use business factoring to bridge the gap between project completion and customer remittance. Any business issuing invoices to creditworthy commercial or government clients can access this funding channel.
Invoice factoring
We match your receivables profile with the right factoring firm, comparing advance rates, fee structures, recourse terms, and turnaround speed across our network. You submit invoices and supporting documentation; the factoring co verifies the work and your customer's credit; funds hit your account within 24 to 48 hours. When your customer pays the invoice in full, the factoring company releases the reserve (minus fees) back to you. Our West Jordan office at 7181 S Campus View Dr simplifies the process for local businesses, and we serve Taylorsville, Kearns, Midvale, Murray, Sandy, Riverton, South Jordan, Magna, Cottonwood Heights, and Copperton.
Learn more about commercial financing options in West Jordan or explore working capital solutions and business lines of credit for alternative funding. View our full service areas across the Salt Lake Valley.
Invoice factoring
### How quickly can I receive funds through invoice factoring? Most factoring firms advance funds within 24 to 48 hours after verifying your invoice and your customer's credit. Initial setups may take three to five business days while the factoring company completes due diligence, but repeat transactions typically close in one day, making this the fastest commercial funding option available.
### Do I need strong credit to qualify for invoice factoring? Your personal or business credit score carries minimal weight because the factoring company underwrites your customer's ability to pay, not yours. As long as you invoice creditworthy businesses or government entities and deliver the contracted goods or services, approval rates remain high even for startups or businesses recovering from credit challenges.
### What fees do factoring companies charge? Factoring firms typically charge one to five percent of the invoice face value, with rates varying by invoice size, customer creditworthiness, invoice volume, and whether the arrangement is recourse or non-recourse. Thrush Credit brokers arrangements across multiple factoring companies to find competitive fee structures that match your transaction profile and timeline.
### Can I factor only some invoices or must I factor all of them? Spot factoring lets you sell individual invoices as cash needs arise, while whole-ledger factoring requires you to factor every invoice you issue. Spot arrangements offer flexibility but carry higher per-invoice fees; whole-ledger contracts deliver lower rates and faster processing because the factoring firm gains predictable volume and deeper customer-credit insight.
### Is invoice factoring the same as invoice financing? Invoice financing is a loan secured by your receivables; you retain collection responsibility and repay the lender with interest. Invoice factoring transfers ownership of the receivable to the factoring company, which then collects payment directly from your customer. Factoring delivers faster funding and eliminates collection duties, though you pay a discount rather than interest.
### Why do West Jordan trucking companies use factoring so frequently? Freight brokers and shippers often impose net-30 or net-60 payment terms, but trucking companies face immediate fuel costs, equipment repairs, and driver payroll every week. Factoring companies for the trucking industry advance funds against bills of lading within hours of delivery, letting carriers maintain cash flow without waiting for broker payment cycles that can stretch beyond two months.
Thrush Credit 7181 S Campus View Dr West Jordan, UT 84084 (801) 880-5048
Serving the West Jordan area
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