Invoice Factoring
Capital that fits how your business actually runs.
Invoice factoring converts your unpaid B2B receivables into immediate cash. ICG advances 85–95% of the invoice amount on submission, you receive the remainder (less a small factoring cost) when your client pays.
- Range
- $2M facility
- Terms
- Per-invoice, ongoing facility
- Speed
- Same-day after setup
- Min FICO
- 500+
The short answer
How does invoice factoring work?
Invoice factoring converts your unpaid B2B receivables into immediate cash. ICG advances 85–95% of the invoice amount on submission, you receive the remainder (less a small factoring cost) when your client pays.
- Range
- $2M facility
- Terms
- Per-invoice, ongoing facility
- Speed
- Same-day after setup
- Min FICO
- 500+
- Min revenue
- $25K/mo invoiced
Last updated 2026-06-24
How it works
One application, three honest steps.
The same process powers every ICG product. Factoring adds nothing extra. See the full walkthrough →
Step 01
Apply
Three minutes online. No documents required to start. Soft credit pull only.
Step 02
Review
One ICG team underwrites your file against factoring criteria. You get a decision and indicative terms.
Step 03
Fund
Sign electronically. Funds wire to your operating account, typically within 24 hours of approval.
Who it’s for
Built for businesses that fit factoring.
If these four lines describe your business, you very likely qualify.
Eligibility snapshot
- Time in business
- 6 months or more
- Monthly revenue
- $25K/mo invoiced
- Personal credit
- 500+
- Funding speed
- Same-day after setup
Common use cases
Staffing & Professional Services
Factor weekly client invoices to cover contractor payroll before the net-30/60 client payment arrives.
Trucking & Freight
Advance against delivered loads with rate confirmations and bills of lading, get paid the day you deliver, not 60 days later.
Manufacturing & Wholesale
Spot-factor large POs to creditworthy buyers, or run an ongoing facility across your B2B customer base.
Construction Sub-Contractors
Turn completed work invoices into immediate cash without waiting on GC retainage and pay-when-paid clauses.
Compare
Factoring sits next to four other products.
One application routes you to the product that actually fits. Full side-by-side comparison →
| Product | Range | Speed | Best for |
|---|---|---|---|
| FactoringYou are here | $2M facility | Same-day after setup | Staffing & Professional Services |
| Revenue Funding | $500K | 24 hours | Emergency Payroll |
| Term Loans | $500K | 24–48 hours | Business Expansion |
| Line of Credit | $250K | 24 hours | Seasonal Cash Flow |
| Bridge Capital | $500K | 24 hours | Real Estate Deposits |
| SBA Loans | $5M | 30–60 days | Business Acquisition |
FAQs about Factoring
The questions we hear most.
01How much of the invoice do I get upfront?
How much of the invoice do I get upfront?
Advance rates are typically 85–95% of the invoice face value. The exact rate depends on your industry, client credit quality, and invoice aging terms. The reserve is released when your client pays.
02Is this recourse or non-recourse factoring?
Is this recourse or non-recourse factoring?
Both options are available. Non-recourse factoring is slightly more expensive but ICG absorbs the loss if a qualifying client defaults on payment. Recourse factoring is cheaper but you repurchase unpaid invoices after an aging threshold.
03Do my clients know I'm factoring?
Do my clients know I'm factoring?
In notification factoring (standard), payments are redirected to a lockbox in ICG's name. Non-notification arrangements are available for established clients on request.
04What does factoring actually cost?
What does factoring actually cost?
The factoring cost is typically 1.5–3.5% of the invoice amount per 30 days outstanding. Faster-paying clients cost less. There are no separate origination or maintenance charges on most facilities.
05Can I factor a single invoice without a full facility?
Can I factor a single invoice without a full facility?
Yes. Spot factoring is available for single large invoices to creditworthy buyers. Ongoing facilities offer better rates for operators invoicing regularly.
By state
Available in every state we fund.
Each state page covers the local commercial financing disclosure rules, the SBA district office, and where to file UCCs for factoring.
- AlabamaAL
- AlaskaAK
- ArizonaAZ
- ArkansasAR
- CaliforniaCA
- ColoradoCO
- ConnecticutCT
- DelawareDE
- Washington, D.C.DC
- FloridaFL
- GeorgiaGA
- HawaiiHI
- IdahoID
- IllinoisIL
- IndianaIN
- IowaIA
- KansasKS
- KentuckyKY
- LouisianaLA
- MaineME
- MarylandMD
- MassachusettsMA
- MichiganMI
- MinnesotaMN
- MississippiMS
- MissouriMO
- MontanaMT
- NebraskaNE
- NevadaNV
- New HampshireNH
- New JerseyNJ
- New MexicoNM
- New YorkNY
- North CarolinaNC
- North DakotaND
- OhioOH
- OklahomaOK
- OregonOR
- PennsylvaniaPA
- Rhode IslandRI
- South CarolinaSC
- South DakotaSD
- TennesseeTN
- TexasTX
- UtahUT
- VermontVT
- VirginiaVA
- WashingtonWA
- West VirginiaWV
- WisconsinWI
- WyomingWY
By industry
Built for your industry.
Industry-specific cash-flow patterns, qualification realities, and how factoring fits each one.
Ready when you are
Apply for Factoring. Get an answer today.
Three minutes. Soft credit pull. One ICG team from application to wire.