Frequently Asked Questions

Invoice factoring is a financial transaction where a business sells its accounts receivable (invoices) to a third party (a factor) at a discount. This provides the business with immediate cash flow instead of waiting 30, 60, or 90 days for customers to pay their invoices.

Most clients receive funding within 24 hours of invoice submission and verification. In many cases, same-day funding is available. The speed depends on how quickly we can verify your customer's invoice.

No, factoring is not a loan. You are selling an asset (your invoices) at a discount. This means no debt is created on your balance sheet, and your personal or business credit score is not the primary factor in the approval process.

Factoring fees typically range from 1% to 5% of the invoice value, depending on factors such as invoice volume, industry, customer creditworthiness, and payment terms. We offer competitive rates and will provide a transparent quote upfront with no hidden fees.

We serve a wide range of industries including trucking & logistics, staffing agencies, manufacturing, construction, healthcare, wholesale distribution, government contractors, oil & gas, janitorial services, security companies, and many more. If you invoice other businesses or government entities, you likely qualify.

In most factoring arrangements, your customers will be notified because payments are directed to the factor. This is standard industry practice. However, we handle all customer interactions professionally and respectfully. We also offer confidential factoring options for qualifying clients.

No. BridgePoint Capital does not require long-term contracts. You can factor invoices as needed with no minimum volume commitments. We believe in earning your business every month, not locking you into contracts.

Unlike traditional bank financing, factoring is primarily based on your customers' creditworthiness, not yours. We evaluate the credit of the companies that owe you money. Even if your business has less-than-perfect credit, you may still qualify for factoring.

To apply, you'll typically need: a completed application form, a copy of your business license or articles of incorporation, an accounts receivable aging report, sample invoices, and basic business information. The process is straightforward and our team will guide you through it.

We work with businesses of all sizes. While we don't have a strict minimum, most of our clients factor invoices of $10,000 or more per month. Contact us to discuss your specific situation — we're flexible and want to find a solution that works for you.