How the Invoice Factoring Process Works
Funding in four steps, typically within 24 hours
Most B2B companies that invoice other businesses wait 30 to 90 days to see their money. Invoice factoring closes that gap — converting unpaid invoices into cash, usually within 24 hours of submission.
Step 1 – Apply
Tell us about your business and your customers. We’ll come back with a straightforward rate — no obligation, no pressure.
Step 2 – Get approved
Unlike traditional loans, the focus on the creditworthiness of your customers than your company’s credit score. This often makes it easier and faster for B2B firms to qualify.
Step 3 – Submit invoices
Send us invoices as you generate them. We verify and process immediately.
Higher volume, better rates. The more invoices you factor each month, the more favorable your pricing tends to be.
Step 4 – Get funded
We advance up to 95% of the invoice value, usually within 24 hours. When your customer pays, we release the remaining balance minus our agreed fee.
You can track every invoice and payment in real time through our online portal — so you always know exactly where things stand.
Your Role in the Process
Your day-to-day doesn’t change. You keep doing the work, delivering to your clients, and issuing invoices the same way you always have.
The only difference: instead of waiting 30, 60, or 90 days for payment, you send those invoices to Universal Funding. We advance up to 95% of the value — typically within 24 hours — and handle collection from your customer on your behalf.
Your clients are notified that payments should be directed to Universal Funding. This is standard practice in invoice factoring and most customers are familiar with it.
What Universal Funding Does
Once you submit an invoice, we take it from there.
We advance you up to 80–95% of the invoice value — usually within 24 hours — and send your customer professional payment instructions directing them to pay us instead of you. Your customer relationship stays intact; we handle this communication respectfully and in line with standard industry practice.
When your customer pays, we release the remaining balance to you, minus our agreed factoring fee. That’s it.
If a payment runs late: We manage the follow-up directly with your customer so you don’t have to. You’ll always know what’s happening — we keep you in the loop and work with you on any issues before they become problems.
RELATED: 10 Considerations When Selecting the Best Factoring Company for Your Business
What Changes for Your Customers
Very little.
They keep receiving the same service from you. The only difference is where they send payment — to Universal Funding instead of your business directly. That’s a one-line change on a remittance instruction, not a disruption to the relationship.
Factoring is a routine part of B2B finance. Most business customers have encountered it before and understand what it means. Universal Funding handles all payment communication professionally, so your customers are never left confused about where to send funds or why.
Invoice Factoring is Simpler Than You Think
There’s no interest to calculate, no repayment schedule to manage, and no monthly loan payment to plan around. You deliver the work, submit the invoice, and get paid — usually within 24 hours.
Universal Funding also takes over the administrative side of your receivables: credit checks on new customers, payment tracking, and collections follow-up. For many businesses, that alone is worth it.
The result: less time chasing payments, more time running your business.
What Clients Say
We’ve built long-term relationships with clients across the U.S. since 1998.
Stop waiting 30, 60, or 90 days to get paid.
Find out what invoice factoring could do for your business. Get a free rate quote — no obligation, no commitment.
Get the Capital You Need with Invoice Factoring
Don’t stress about how you’re going to pay your company bills, if you’ll have late fees, or how long it will take to apply for another loan. Universal Funding can get you the working capital you need with quick and easy invoice factoring.
Last Updated on 07/24/2026