FAQ
What is factoring?
Can I improve my company's cash flow by factoring invoices?
Invoice factoring is a mixture of finance and managing of credit, which allows a company to extend credit and still get receive cash for its products and or services.
Does Lily Pad Financial provide a non-recourse factoring services?
Certainly. Non-recourse factoring is the complete acquisition of accounts receivables or company invoices for an immediate cash payment.
How does factoring measure up to to an accounts receivable line of credit?
Read More
What are the typical business you factor?
Lily Pad Financial products and services offerings cover industries and sectors of transportation, manufacturers, printing firms, trucking, oil, gas, wholesalers, temporary agencies, janitorial, security guard firms and many more. Almost any company that sells a product on terms not surpassing 60 days may utilize factoring.
Does Lily Pad Financial offer a program for payroll?
Want a full-service payroll funding partner combined with credit management services to boot?
What is your typical client size at Lily Pad Financial?
To what degree can accounts receivable financing help my bottom line?
A practical and creative approach to small business financing is accounts receivable factoring, also known as freight bill factoring where we gather the billing of lad or simply invoice factoring.
Does Lily Pad Financial place a restriction on the location of the client?
Why is invoice factoring a logical choice for small business funding?
Small business funding without hefty credit guarantees and lengthy historical financials is a possible approach to small business financing.
What about business references?
By what means does freight bill factoring assist those in the trucking business?
Discover how Lily Pad Financial can partner with as your freight bill factoring company to your increase revenues.
Does Lily Pad Financial perform invoice factoring?
We are a invoice factoring, freight bill factoring, payroll funding company.
Explain to me accounts receivable financing and how will it help my business?
Discover the myriad of uses for accounts receivable financing with Lily Pad Financial.
Explain to me what is a factoring company?
An accounts receivable factoring company agrees to turn your receivables into working capital.
How is invoice funding instrumental for recent startups and growing companies seeking small business financing?
Concerned about diluting equity or alienating prospective future investors while soliciting business financing? Use invoice funding.
What sectors and industries find invoice factoring suitable?
Practically any business looking to enlarge its cash flow and working capital for funding its expenses, payroll, or business financing can take advantage of invoice factoring.
We are looking to supplement our current business funding can Lily Pad Financial help?
Many fast growing companies and those in turnaround mode looking to increase cash flow and sustain business growth use this effective tool.
Does Lily Pad Financial work with factoring brokers and other financial intermediaries?
When financial intermediaries and factoring brokers are looking for a company they trust they turn to Lily Pad Financial for service and expertise.
Improving our business capital is important to us, can you help?
Factoring brokers considering feasible approaches to greater levels business capital including payroll funding partner with an invoice factoring company.
How do you supply business financing?
Purchasing accounts receivables has a primary method to create working capital for financing business.
Is there any advantage to using an invoice factoring service to meet our pressing capital needs?
Discuss with your finance broker today a strategy involving debt free working capital as a means of small business financing. Whether you are recent startup or growing company looking for invoice factoring services Lily Pad Financial can assist.
What is the relationship between invoice factoring and the creation of working capital?
Working capital raised by securing small business loans maybe contrary to a business plan for maximizing cash flow and guarding from unpaid bills.
Is invoice factoring not only safe but practical?
Recently denied for funding on a small business loan? Our innovative small business financing maybe the capital structure needed to propel your business.
Are there differences between invoice factoring and a small business loan?
Small business loan also require approval committees and may involve credit guarantees which is must slower process then receiving immediate cash for delivery of your accounts receivable.
Is there anything Lily Pad Financial can do to assist with payroll funding?
Quickly raise immediate cash without taking out a small business loan. Allow us collect your credit worthy invoices through payroll factoring.
How does freight factoring work?
Learn how a freight factoring service purchases your trucking company bills, pays for fuel charges, plus wages to drivers and other expense.
Is there a setup or an application fee with Lily Pad Financial to begin the process?
Not at all. There are absolutely no setup or application fees.
What is the amount of time needed to process my application?
Funding time on any given application is typically seven days. We will normally provide a term sheet within 24 hours of a client submitting their invoices. To begin the application process click the button below.
Does my business need to provide its financial track record?
That is the benefit for fast growing companies and recent start-ups. There is no financial track record review. We are simply using the invoice as collateral.
Visit us on various social media outlets to learn more about invoice factoring and more.
