The FundThrough application process is simple and entirely online. FundThrough offers a fast application and invoice assignment process that can sync seamlessly with your QuickBooks account.

Small businesses that need to factor invoices of up to $5 million will benefit from FundThrough. Your businessвЂ™s customer repays the factoring company, which distributes the remainder of the invoice, minus fees, back to you. The factoring company will offer your business an advance of approximately 80% of your invoice upfront. Businesses that invoice other businesses or government entities can assign any unpaid invoices to a factoring company. With factoring, there are no tricks, no unexpected withdrawals - just plain predictability and consistent working capital.Invoice factoring is one way to receive funds quickly when your business faces a cash flow crunch. Factoring doesnвЂ™t involve withdrawing money from your small business bank account, but rather, depositing money quickly into your account from the fruits of your labor as Advances made against your invoices for products or services your business has provided Customers. The problem with MCA loans is that many companies make two critical mistakes: 1) they donвЂ™t do the math as to the size and frequency of the cash withdrawals by the lenders, and 2) they often find themselves going to the well again, taking out a second, third, fourth, or more MCA loans - a term referred to as вЂњstacking.вЂќ Stacking results in a cascade of daily or weekly variable withdrawals from your small business bank account, resulting in you losing complete control over the Cash Flow you were trying to fix when you took out the advance in the first place. As a result, more and more businesses, who may have previously used a credit card or their own funds for working capital, are turning to MCA lenders. Merchant Cash Advances, or MCAs for short, have become attractive due to their quick application process and fast access to capital, with the approval not being so heavily dependent on your credit score. Recently thereвЂ™s been a dramatic increase in small businesses employing Merchant Cash Advances as a source for working capital funding. Invoice factoring grows along with your Company growth and is a short-term financing solution to provide your Company the working capital it needs today. The money the factor advances you is from your own invoices, and each advance is paid off when your Customer pays you 30 вЂ“ 45 days later. With factoring, you donвЂ™t need to worry about a 10-year payback and monthly payments like a term loan. Depending on the interest rate, you might end up paying back well over $200,000. Once you have the money from your loan, you can use it, but with interest compounded on top of the principal, youвЂ™re paying back much more than you took out. Even if you do get approved for the loan, you might not get approved for as much as you actually need, so itвЂ™s not quite a stopgap measure or a solution for your cash-flow problems. Even if youвЂ™re approved, you still only have access to a finite amount of capital that youвЂ™ll still have to pay back at some point (a loan is a loan, after all). With a loan from a bank, youвЂ™ll need to apply first and go through an approval process.

Commercial invoice factoring