So, if the business is waiting to be paid, it could jeopardize its business credit-building efforts. With invoice factoring, a business gives up control. For example, they can use it to replace a line of credit to quickly monetize their accounts receivable. 1. Invoice factoring: Steps involved: Step 1: Send your invoices to your customers, while sending a copy to the financial institution you are working with for invoice factoring. Contact us at 800-707-4845. Then, once your customers pay the remaining balance, you collect the remaining 10% of the invoice value, minus lender fees. Many of our factoring clients work with Fortune 500 companies who simply demand longer payment terms in order to do business. RTS Financial — Best for Industry-specific Services. Unlike most factoring companies, it is backed by an established, reputable bank. Accounts receivable financing or factoring helps increase your sales so you can continue to build your customer base – and increase your profits. 1st Commercial Credit provides invoice factoring services in Minnesota (MN) for all businesses in many industries, and our invoice factoring rates are competitive between 0. 3) You sell your invoices to a factoring company and get paid a cash advance of between 80% – 90% of the invoice face value, less a nominal fee. Home; About; Serv ices; Apply. Every trucker is familiar with the three basic pieces of paperwork needed to get paid on a load: an invoice, a rate confirmation sheet, and. With many invoice factoring companies to pick from, how do you pick the best one for your Minneapolis company? Many claim they have the most flexible rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums andon and on. Most invoice factoring institutions make it a point to ensure their clients are funded within a day or two of approval. Invoice Factoring Example. Minneapolis Office Location: 3470 Washington Drive #206. CLIENT LOGIN. The exact timing of your cash advance deposit usually depends on the date of your client’s receipt and job. You get paid $900 the same day you deliver the product. Invoice factoring platforms give an accessible solution to invoicing. The exact timing of your cash advance depends on the customer’s receipts and acknowledgment of goods. main – (952) 469-4460 toll free – (888) 800-9801When a company sells its invoices to a factoring company, it typically receives 70% to 95% of the total invoice value—known as the advance rate. Funding Fast. After the factoring company purchases your outstanding receivables and pays you an advance, it. 69% to 1. Invoice Factoring 101; FAQ; Industries We Serve. The exact timing of our deposit may vary depending on when you complete the job. The primary benefit of factoring your business’s invoices is receiving immediate funding to improve your cash flow. Top Factoring Companies for Trucking. Here’s an example of how. Rather than waiting 30, 60, 90 or even 120 days to get paid by the government, you’ll receive an advance payment that’s worth up to 90% of the value of an invoice within. Factoring is slow, invoice by invoice. 75 – 2. altLINE Advances Up To 80-90% Of The Invoice Face Value. The exact timing of your cash advance deposit usually depends on when you complete the. In exchange, the business doesn’t have to wait for the 30, 60, or 90-day term mentioned on the invoice. To figure out which type of factoring is best for your business, start a chat or contact one of our representatives. Minneapolis, Minnesota, 55416 952. Invoice factoring with blockchain (also called invoice financing) steps in to remedy the situation. What Is Factoring?Invoice financing is an alternative type of business loan that helps invoice-based businesses get short-term funding. The following are average costs and prices reported back to us: Cost of Invoice Factoring. Fees are charged and you collect payment. Step 6: At this point, the factoring. Invoice factoring is a type of financing that allows business owners to get paid faster on invoices for work they’ve already performed. outstanding invoices with invoice factoring via FundThrough. altLINE: Best for affordable fees. 855-755-3863. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. Now, our flexible range of invoice factoring services in Mississippi means that even businesses without glowing financials or perfect credit records can access a competitive solution. Edina, MN 55435. Invoice factoring and invoice discounting are two related but distinct financial methods for receiving funds for unpaid invoices upfront — I. In most transactions, the factoring company advances 80-95 % of the factored amount the day the invoice is submitted. When the company receives the advance amount from the factoring company. Concept Financial Group. Riviera Finance maintains. 5. Best Washington Load Factoring Companies. 1. 1-866-434-0567 . BlueVine requires businesses to have a minimum 3-month history, at least $10,000 monthly. The fee is usually based on the. 55-2%. Receive funds typically within 24 hours. Spot factoring differs from traditional invoice factoring because it is primarily used to factor a single large invoice, rather than a set of invoices. Learn More. Universal Funding is a leading financial services company specializing in working capital funding programs. Then the factoring company collects money from the customer over the next. ”. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. Using factoring to gain immediate financing for your business provides several benefits. We can lift that heavy burden of credit control off your back for invoices you decide to factor, saving you big time and money. A lender will provide you with an upfront payment of up to 100% of the total value of the invoice. In invoice factoring, recourse covers what happens if the factoring company purchases an invoice from its client and then the invoice is not paid by the factoring client’s customer, also known as the account debtor. Invoice factoring is a financial solution that helps you, as a business owner, improve your cash flow. PO Financing. , Suite 300, Lafayette, Louisiana 70508. Once your client pays the invoice and contacts us letting us know the job is complete to their standards, we will send you the remaining 20 to 30% less our factoring fee. By selling a select number of unpaid invoices to a factor for less than what is due, a business can use invoice factoring to get the extra cash it needs. Then, the factoring company will collect payment. Once the factor collects from the end customer on the standard payment terms, they release the remainder of the invoice value to you, minus a small factoring fee. No more chasing customers for payment — 1stCC will work directly with your. Invoice factoring, also known as accounts receivable (AR) factoring, is a financial transaction where a business sells its unpaid invoices to a third-party financial company, known as a factor, at a discounted rate or for a nominal fee. Typical Advance Rate. 855-755-3863. INVOICE FACTORING; ACCOUNTS RECEIVABLE FINANCING; DIP FINANCING; WORKING CAPITAL LOANS; ASSET BASED LENDINGNow, our flexible range of invoice factoring services in Minnesota means that even businesses without glowing financials or perfect credit records can access a competitive solution. Minneapolis Receivable Factoring Companies|. $15 Hourly. 7484. Food Processing Company finds Simple, Straightforward Invoice Factoring with Commonwealth Capital. Services. The cold weather has done nothing to deter residents from moving to the city to try and start their own enterprises. Our Story; Our Team;. 3. Minneapolis, MN 55416 952. For firms that have built a legacy in their industry but still face the routine complexities of delayed payments, and for those oscillating with the ebbs and flows of seasonal demand, invoice factoring is the stabilizing force. As Your Business Grows We Deliver The FUNDS Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Receive Advances Up To 95% Of The Invoice Face Value. CLIENT LOGIN. Negotiated contracts may be on the lower end of this range, while spot contracting can be higher — it varies by company and situation. Instead, it gets up to 90% of the invoice amount within a few business days. What Is Reverse Factoring — aka Supply Chain Financing. Only a few invoice factoring companies can say that. Invoice Factoring Blog; Get a Quote; Compare & Find Factoring Companies, Fast! Whatever your industry, location or size, Factoring Directory helps you find a factoring company that most closely aligns with your business needs. 6200. Discover what Porter Capital can do for you! Skip to content. Learn More about invoice factoring in Minneapolis, Minnesota, Williston, North Dakota & South Dakota. Example of invoice factoring costs: Assume you factor a $100,000 invoice at an advance rate of 80% and a discount rate of 3% per month. These higher fees can lead to a lower profit margin for businesses. invoice factoring: Invoice financing and invoice factoring are two ways a. 400 W Illinois Ave Ste 1120, Midland, Texas 79701. Invoice financing and invoice factoring are two types of alternative lending solutions that are helping small businesses get the money they deserve; when they need it. Invoice factoring involves selling your business’s unpaid invoices to a third party, known as a factor or a factoring company, for the total amount owed minus a factoring fee (typically 1% to 5% of an invoice’s value). 5-1. Factoring receivable rates vary, but ultimately, the longer your customer takes to pay the invoice, the more you’ll owe the factoring company. Turn your outstanding invoices into immediate cash with factoring. Invoice Advance is a leading and trusted choice for Manufacturing companies in the state of Minnesota. Step 2: The invoice factoring company verifies the invoices and pays you the majority (up to 90%) of the value of the invoices immediately. With invoice financing, a company uses an invoice or invoices as collateral to get a loan from a financing company. Concept Financial Group. Direct Phone: 763-231-0046 Direct Email: [email protected] factoring is a financial transaction where a business sells its outstanding invoices to a third-party factoring business. Janitorial Factoring: Minneapolis, MN. Invoice Factoring Blog; Get a Quote; Minneapolis. Unlike a business loan, invoice factoring helps businesses get paid faster with money that customers already owe to the business. Fast, reliable cashflow for payroll – at your fingertips; rates as low as 2. Skip to footer; Call Anytime: (888) 208-2316. + Follow. Last Updated on October 12, 2023. Invoice factoring is an increasingly common form of alternative finance that provides working capital for businesses struggling with cash flow gaps. Also called receivable factoring, invoice factoring is a financial tool designed to provide a quick cash advance. Get the info you need!Inventory Financing can significantly expand your cash flow, when combined with an ABL or Invoice Factoring loan. Enter invoice factoring. When factoring receivables, the business will receive an advance that’s typically 80% of the invoice amount at the point of purchase. Riviera Finance is an invoice factoring company providing the following services for companies in Minneapolis, Minnesota, Williston, North Dakota & South Dakota. This process allows businesses to receive payment more quickly, but they receive less than the full value of the invoice. 6% per week. Provides customer service levels consistent with the business. Founded in 1969, Riviera Finance is nationally recognized as a leader in business financing and a top invoice factoring company. 25% per week. 1600 More Info. In the end, you only would see $23,240 from that original $25,000, costing you $1,760 with an effective APR of 183. When companies sell their invoices for factoring, they typically receive a percentage of the. CLIENT LOGIN. What’s Similar. Portland, OR, Nov. Services. Find a factoring company located near you in the United States or Canada. 75%). The fee typically ranges from 1 percent to 5 percent, though the structure is different for each factoring company. Well we expect to be able to offer invoice factoring for 6. 5% and 5% of the invoice value. So, there are 3 separate accounting entries for factored receivables: The journal entry is added to accounts receivable when the invoice is issued. One reason a company might choose invoice factoring is to improve cash flow. Quick access to working capital. But the truth is: we couldn’t be more different. Day 1: You sell $1,000 worth of widgets to ABC Company, who has NET30 payment terms. Line of Credit. With invoice factoring, a company receives an improved cash flow that is easily predictable. [1] [2] [3] A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Cash flow is the lifeblood of business. 1-866-434-0567 . In explicit terms, a business presents its invoices to another company (called a factor or factoring company). Freight factoring fees vary by company, invoice value and customer credit score. In some cases, the resulting revenue can lead to a 50% increase in average revenue per user (ARPU). Why invoice factoring is your best choice. Suite 2660. From Minneapolis and St. Once the customer pays the invoice, the company will remit the balance to you, minus their fee. This fee typically covers all collection, administration, and management expenses associated with the financing. Invoice Factoring allows you to leverage your sales ledger to improve cash flow, or release funds to invest in new opportunities. Talk to us! 855-393-2286. Unlike with invoice factoring, you still own the unpaid invoices and remain responsible for collecting the late payments. The factoring company is then responsible for collecting the invoice payment from the client. Even so, it’s important to understand the differences between the two. We wonFactoring invoices refers to the process of selling control of your accounts receivable, in part or in full. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. more capital with full flexibility. Step 3: Your customers pay into a bank account that is controlled by the factoring company, so they will be aware that you are using factoring. Depending on whether you are bonded or not, the amount is 70% to 80% of the invoice’s face value. Our Eagan, MN office provides the following services: Invoice, small business, spot and non-recourse factoring, as well as startup financing. Knowing what to look for in a factoring company is our specialty. Home; About Us . Parleys Way, Ste 201 Fidelity Bank opened 53 years ago and has been growing. With this popular small business financier, invoice factoring applications can be done completely online and takes only 5 minutes. The 9 Best Invoice Factoring Companies of 2023. We provide accounts receivable financing, invoice factoring, payroll funding, and freight factoring to businesses throughout Minnesota, the Upper Midwest, and the United. e. However, our lowest fee rate starts as low as 0. With our invoice-and alternative-finance solutions, suppliers can dramatically cut. $10,000 to $10 million. Competitive Rates: Charter Capital’s low rates keep more money in your pockets. For quick access to cash, you select specific invoices to sell. 855-755-FUND. Once your business is approved you can begin factoring your invoices. Factoring can be a great way to finance your business, but it is important to know the cost of factoring. Credit Line: $20,000-$500,000. Charlotte Invoice Factoring Cost. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. But if truckers aren’t careful, the. Minneapolis is a city thriving with local business owners. The financier typically compensates 80% to 90% right away, then transfers the remainder minus their fee after. One of our newest relationships is with a growing food processing company. Many medical professionals simply cannot function waiting 60 to 120 days for payment. In exchange for the quick funds, factoring companies charge the business a fee of. The company offers factoring to businesses that have an outstanding invoice of at least $100,000 in accounts receivable or invoices to one customer — with advance rates of 100% (minus fees). Medical Factoring with Invoice Advance is your company's solution. (952) 545-1600. Once the factor collects from the end customer on the standard payment terms, they release the remainder of the invoice value to you, minus a small factoring fee. Step 2: Once you’re quickly setup, send your invoices directly to Scale Funding. Schedule a Call with a Business Advisor. A factoring company is commonly referred to as a “factor. altLine can factor up to 90% of $4,000,000 worth of invoices each month. altLINE Advances Up To 80-90% Of The Invoice Face Value. Call Us. When the factoring company sends you the second payment, they’ll discount it by this pre-set fee. It does not matter if your business is in Minneapolis, Saint Paul, Duluth, Rochester, St. Only a few receivable factoring companies can say that. In fact, RBI's regulated Trade Receivables Discounting System. Find 2704 listings related to Invoice Factoring in Minneapolis on YP. You can generally expect a factoring advance rate of 80-90% of every invoice’s face value and receive the cash advance between 24 and 48 hours of submission to altLINE. AmeriSource Funding, Inc. Only a few accounts receivable factoring companies can say that. Factor: A factor is a financial intermediary that purchases receivables from a company. 872. In most factoring solutions, not 100% of the invoice value is paid out to the supplier. If you’re worried about the costs involved with invoice factoring, we have a solution for you. Invoice Factoring Today. The business owner. 5% of the value of the invoice. If the invoice. Types. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. Contract factoring, in contrast, is a longer-term agreement where you send the factoring company a certain percentage of. Advanced Invoice Funding (AIF) AeroFund Financial, Inc. They’re more long-term solutions with greater. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. 1 trillion in. By automating invoice approval, businesses can eliminate paper handling, strengthen specifics. The factoring company will chase any late invoice payments. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. 545. Invoice factoring is the purchase of accounts receivable for immediate cash. It involves selling your accounts receivables or unpaid invoices to a third-party factoring company in exchange for cash – typically 70 percent to 90 percent of the invoice’s value. Search for: Français; Español; Contact Us; FAQ’s; Search for: 800. What Is Factoring?Invoice Factoring with Invoice Advance can convert your Minneapolis, MN businesses invoices into cash within 24 hours or less. 545. Fees: 0. Parleys Way, Ste 201 Salt Lake City, UT 84109 801. When a company sells its invoices to a factoring company, it typically receives 70% to 95% of the total invoice value—known as the advance rate. Velocity Financial is a Midland, TX factoring company that specializes in oilfield service companies such as welding, trucking, rig services, and oilfield construction, just to name. What Invoices Will Minneapolis Factoring Companies Buy? Many factoring companies in Minneapolis will not buy accounts receivable that are self-pay (owed by patients directly) or long term payments from personal injury, workers compensation or no-fault accounts receivables. It helps you get paid faster and also helps in accurate and flawless business planning and forecasting. Improved cash flow: It speeds up cash flow that helps you to cover up all. Then, your clients pay the factoring company instead of your business. Turn unpaid invoices into working capital. Invoice factoring is not just a strategy but a cornerstone for both seasoned enterprises and businesses navigating seasonal challenges. Factoring Processing Agent (FT) CB Ag Holdings, Inc. Here’s how it basically works: invoice factoring, which is also referred to as invoice financing, allows you to get advances on those unpaid invoices due in 30, 60, 90 days, or more. 855-755-3863. The factor deducts their fee, and sends the remaining reserve,. Invoice Advance has rapidly become one of Minnesota's and North America's leading Invoice Factoring solutions. 04%. The factoring company will own the invoices. The factoring company applies the 2% discount and purchases the invoices for $98,000. Factoring companies will buy your receivables for the invoice value minus a factoring fee after they form an agreement with you. You invoice your customers for those goods or services. North Mill Capital. Invoice factoring fees are typically 1-5% of the total invoice value, which is usually a bit more expensive than other forms of financing. As an invoice factoring example, let’s imagine that a small business has a $10,000 invoice owing from a client, but needs cash now to pay for business expenses. MAP. Invoice factoring gives businesses the power to ensure growth without diluting equity or incurring debt. Instead of contacting a traditional lender, you should consider invoice factoring as a viable way of getting the cash you need. One of the best invoice factoring companies for varying industries, TBS Capital Funding lets you factor up to $10 million in invoices each month. Factoring allows companies to improve their cash flow position by accessing working. Spot factoring rates and terms can vary depending on the factor you choose, as well as factors such as your business’ creditworthiness and the creditworthiness of your customers. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. OTR Solutions – Best for freight companies. While factoring isn’t ideal for all industries and is. Rather. Invoice factoring is the practice of selling a business’s invoices to a third party in exchange for a cash advance. The factoring company goes on to collect the. DBA ComFreight Financial Allied Affiliated LP/Allied Affiliated Funding LP Althon Factoring Services, LLC American Factoring Group, Inc. FundThrough: Best for small businesses. Invoice factoring is a financing option where you sell some or all of your outstanding invoices, or accounts receivable, to a third-party to improve your cash flow. 1-888-865-7678;. The UCC is a way for factoring companies, banks and commercial lenders to keep straight who is lending on what assets. In exchange for the quick funds, factoring companies. Cash is used to meet short-term financial obligations and seize growth opportunities. altLine – Best for Short-Term Arrangements. A Brief History of Accounts Receivable Factoring; Invoice Factoring: A Viable Option to Bank Loans; Search Our List to Find Medical Factoring Companies Near You: Business Factors & Finance, Inc. eCapital: Best for a wide range of factoring selections. Our business funding services in Mississippi include: Invoice Factoring: Receive up to 90% of the value of the invoices you issue to your customers upfront. Spot factoring is generally used to get cash for a single invoice or pay application. Invoice Factoring Example. Call Us AnytimeWith invoice factoring, your company sells control of your accounts receivable to a lender, at a discount, for quick cash. We also provide factoring services for other industries such as staffing, manufacturing, and business services. We also provide factoring services for other industries such as staffing, manufacturing, and business services. Backed by The Southern Bank Company, altLINE has provided more than $1 billion in funded invoices since 1936. In our example, you would receive $80,000 upfront. Factoring is a corporate finance technique that enables a company to either: Transfer the credit risk of its accounts receivable to a third party. Invoice factoring allows your business to have some of the money from sales before the customer pays. You "sell" the raised invoices to a factoring company. Rather than waiting for 30, 60, 90, or even 120 days for a customer to make a payment, you can unlock the cash tied up in your invoices within just 24 hours. 7600 Wayzata Blvd, Minneapolis, Minnesota, 55426 800-705-3863 Contact Information. Suite 365. The former is the most traditional form of factoring, essentially a loan o ered by the banking system in which the invoice is simply a speculative form of collateral. 1308 Camellia Blvd. To take on new orders / clients. 2. Factoring for. Try Shopify free for 3 days, no credit card required. Get a cash advance on your. After invoices are submitted and verified, they are funded by Riviera Finance within 24 hours. Our Clients Are Happy! Minneapolis,Minnesota . B2B companies often choose factoring as a means to receive cash immediately. Here’s how it works: a factoring company gives you a certain percentage of the face value of your unpaid invoices. Invoice factoring is a process in which contractors sell outstanding invoices to a factoring company in exchange for 70-90% of the amount up front. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. , before the client has paid you for services rendered. Because receivables change on daily basis as new invoices collect and old invoices are paid, factors must file what is called a 'blanket' UCC filing collateralizing all of your receivables even though you may only be factoring. Let’s look at each journal entry with an example. 5 billion in 2021 and is. 1200. This means the third party, often referred to as a factoring company, would collect the money from customers instead of the business owner. You can generally expect a factoring advance rate of 90-95% of the invoice’s face value and receive the cash advance between 24 and 48 hours after submission. Workflow Conduite in Minneapolis. By selling unpaid invoices to a third-party factoring company, a business receives the majority of their value within a few business days. Invoice factoring is a financing method that allows businesses to sell unpaid customer invoices in their accounts receivable to third-party invoice factoring companies. Best factoring companies for trucking include TruckSmarter, Transportation Management Group, Apex Capital, TAFS, RTS Financial, TBS Factoring, eCapital, Thunder. In exchange for the quick funds, factoring companies. Invoice factoring, also known as accounts receivable financing, is a financial solution that allows businesses to convert 70 percent to 90 percent of unpaid invoices into immediate. You won’t have to wait weeks to turn your outstanding invoices into cash. The third-party factor will charge a fee, also known as a discount, for providing the service. Improves Cash Flow. Minneapolis, MN 55416 952. has been helping trucking companies thrive since 1995 by providing invoice factoring, licensing, and permitting services. For instance, if an invoice of $5,000 is sold with a 3% factoring fee, the business owner receives $4,850, resulting in a lower profit with. main – (952) 469-4460. AIM can finance up to $2 million in a line of credit. It is typically stated as a percentage of the gross invoice amount per time period (i. You can check the status of your application at any time using the company’s Riviera Online Account Management (Riviera Finance ROAM) dashboard. 3470 Washington Drive #206 Milwaukee, WI 53213 Our Eagan, MN office provides the following services: Invoice, small business, spot and non-recourse factoring, as well as. You receive the remaining amount,. Few financial factoring companies can say that. Invoice factoring is an alternative financing solution in which a company sells its outstanding invoices to a third-party “factor” (also referred to as a “factoring company“) for a discounted rate in return for a cash […]Factoring allows you to turn unpaid invoices or accounts receivable into cash. A formal invoice is a legal document issued by a seller to a buyer. Invoice factoring can help small businesses access cash for short-term financing needs. The other type is invoice discounting. Paul all the way to Duluth, Minnesota factoring companies can get your business the steady cash flow that is necessary for expansion. By selling a select number of unpaid invoices to a factor for less than what is due, a business can use invoice factoring to get the extra cash it needs. Drive acquisition and retention. $20,000 to $5 million. The ones that are specific to reverse factoring and not shared with invoice factoring are completely bolded. 12270 Nicollet Ave South, Burnsville, Minnesota, 55337 952-656-3400Step 2: The invoice factoring company verifies the invoices and pays you the majority (up to 90%) of the value of the invoices immediately. You "sell" the raised invoices to a factoring company. Our factoring veterans know what exactly to look for in helping you make the right credit decision for your Minneapolis company. Once we partner you with one of the best factoring companies in Minneapolis, your business will go through an approval period. Does not require access to your private banking and accounting information. UTAH 2455 E. TCI Business Capital: Best for older invoices. Search for: Français; Español; Contact Us; FAQ’s; Search for: 800. Spot factoring, also known as single invoice factoring, is a way for companies to improve cash flow without taking out a loan or selling equity. Invoice factoring is basically a cash advance. Clients using invoice factoring often show an appetite for accelerating. It is delighted to work with one-truck companies to help them grow and expand their fleet. If it takes your customer three months to pay. Pros of invoice factoring. Minneapolis, Minnesota, 55416 952. Factoring is not a loan, so there is no debt created by it. Reverse factoring is a financing method that improves the cash flows of both buyers and sellers by using a bank or similar financial institution. Our Clients Are Happy! Minneapolis,Minnesota . invoice advance. Riviera Finance provides full-service, non-recourse invoice factoring to growing companies. This is good for you, because you can access that cash much quicker than if you had. Invoice Advance is the top factoring choice in and around Minneapolis for Janitorial , Custodial. 1.