We are a Full-Service Business Financing Firm with Consultants
that Specializes in Invoice Financing

What is Invoice Financing?

Invoice Financing is Business Financing products that are funded by a bank or non-bank lender that a company to either sell or pledge one, some or all of the invoice receivables that are owed to them by their clients. In exchange for an upfront advance of capital for up to 95% of the full value of their invoice receivables. These are not loans. The invoice is the collateral for the funding awarded.

Invoice Financing can provide a myriad of quick funding options in
as little as 24 to up to 48 hours.

Why do companies use Invoice Financing?

Most large scale commercial clients demand that their suppliers and servicers accept invoice terms. Anywhere from net 15 to up to net 90 business days in terms or more. Some big-box retailers and top tier clients can demand their suppliers and servicers accept terms that exceed net 90 business days.

Almost all businesses that provide goods or services to the B2B Sector with an invoice receivable from a creditworthy client can utilize Invoice Financing whether the Invoice term is anywhere from net 15 to net 90 business days, if the companies want to free up working capital, then these products can help.

The two main products that a business can use to finance invoice receivables are Factoring Financing and Accounts Receivables Financing.

Factoring Financing involves a bank or non-bank lender purchasing a companies invoice receivables and advancing the business up to 95% of the face value of their sold invoice receivables.  Please take a look at our page https://troygrp.com/factoring-financing/ for a full review of how Factoring Financing works for businesses. 

Accounts Receivable Financing involves a company pledging not selling their invoice receivables to a bank or non-bank lender. In exchange for a lesser advance rate of up to 85% of the full value of the invoice/receivable, a company can maintain the invoice collection relationship with their clients.
Please visit our page https://troygrp.com/account-receivable-financing/ for further information on how Accounts Receivables Financing can benefit a business. 

PARTNERSHIP YOU CAN RELY ON

Our goal is to be our client's trusted business financing partner from inception to the day they sell their business.

SEASONED BUSINESS CONSULTANTS

TGRP Business Consultants are here to offer our clients all of their years of experience in providing capital to companies to grow and expand.

What are the Invoice Financing products that we focus on?

Spot Factoring is an Invoice Financing product funded by lenders that allow companies to choose which accounts they are factoring with while keeping other accounts in house. Whether one specific invoice or a few here and there with no long term commitments. Please visit our page www.troygrp.com/ for additional information on Spot Factoring Financing. 

Purchase Order Financing is an invoice financing product funded by lenders that provides companies with the capital needed to purchase anywhere from 75% to up to 100% of their supply cost to fulfill a specific Purchase Order. Please visit our page https://troygrp.com/purchase-order-financing/ for more information on Purchase Order Financing.

Government Contracting Financing is Invoice Financing products funded by a lender that allows companies the ability to either create liquidity using their Government Invoices as collateral or Fund the Mobilization of a New Project. Please visit our page https://troygrp.com/government-contract-financing/ to take a more in-depth look into Government Contract Financing.

Construction Factoring is an invoice financing product funded by lenders that allows Construction industry companies to access capital for up to 90% of their outstanding invoice values, for completed and approved work, except change orders. Please take a look at our page https://troygrp.com/construction-factoring/ for additional information on how Construction Factoring works. 

Progress Payment Financing is an invoice financing product funded by lenders that provides companies the Construction Industry capital based on a partial advance payment against work that has been completed up to a certain point of the Construction Invoicing process of a job. Please visit our page https://troygrp.com/progress-payment-financing/ for more information on how Progress Payment Financing works.

COMPETITIVE TERMS

We have custom-tailored options to meet a company's specific needs. TGRP works diligently to provide each client with funding terms that fit their goals.

EXPERT SERVICE

We pride ourselves on going the extra mile for every client that we work with and excel at delivering the capital they desire to grow their business.

More products that we focus on?

Transportation Factoring & Freight Receivable Financing is invoice financing products funded by lenders that allow a Freight or Transportation company to obtain working capital against the full face value of their Transportation or Freight invoice Receivables. Please visit our page https://troygrp.com/ for a detailed breakdown of how Transportation Factoring & Freight Receivable Financing work.

Medical Invoice Factoring & Medical Receivable Financing are invoice financing products funded by lenders that allow a Healthcare Provider company to obtain working capital against the full face value of their Medical invoice Receivables. Please visit our page https://troygrp.com/medical for a deeper look into how Medical Invoice Factoring & Medical Receivable Financing both can work.

Government Contracting Financing is Invoice Financing products funded by a lender that allows companies the ability to either create liquidity using their Government Invoices as collateral or Fund the Mobilization of a New Project. Please visit our page https://troygrp.com/government-contract-financing/ to take a more in-depth look into Government Contract Financing.

Oil & Gas Factoring and Energy Invoice Factoring are invoice financing products funded by lenders that Oil, Gas, and Energy-Related companies obtain working capital against the full face value of their Oil, Gas, or Energy Invoice Receivables. Please visit our page https://troygrp.com/oil-gas for additional information on how Oil & Gas Factoring and Energy Invoice Factoring work for businesses. 

Standard Interest Rates or Cost

Prime Plus or Libor Plus

Typical Underwriting TimeLine

3-5 Business days

Available Capital Limit

Up to $350k per Entity.

Average Term Limits

3-5 Days

In Closing, According to a report, the total invoice volume for 2019 surpassed $550 billion in North America alone. Companies selling goods or services to the B2B Industry have to deal with invoice terms that can range from as little as net 15 to up to net 60 business days on average. Words can be shorter at times, and they more than likely are longer the more significant the client. Invoice Financing products offer an outlet to companies with large B2B Commercial clients and lengthy payment terms.

Troy Business Group has a team of seasoned Business Financing Consultants that specialize in providing clients with access to all the best Invoice Financing products on the market. Please apply online, email us for an appointment, or call us today.  Our team is committed to helping your business grow with Invoice Financing of any sort and will guide you through the loan process each step of the way. 

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