How Invoice Factoring Works

Simple Steps to Transform Your Outstanding Invoices into Immediate Working Capital

Understanding the Invoice Factoring
Process Step-by-Step

What Is Invoice Factoring and How Does It Work?

1. Fill out the form in about five minutes

Create your account with us, then complete the online process. Provide basic business information and details about your invoices and customers.

2. Upload or transmit invoices

Use our secure portal to upload invoices or connect your vendor portals to allow us to pull invoices automatically. Provide proof of delivery or completion. We validate invoices and payee details quickly using our advanced technology and systems.

3. Get Approved

We evaluate your customers’ public traded payment history and basic information about your business. Approval decisions are typically made within hours. You’ll receive an advance rate and terms tailored to your situation. If you need more than your approved advance rate to cover operating costs, Aspen offers over‑advance options.

4. Check your status and receive funds

Log in to view the status of your invoices and funding. Once invoices are verified, funds are deposited directly into your account—often on the same day. You receive up to your qualified advance rate of the invoice’s value immediately, with the remainder released once your customer pays.

5. Ongoing support

Track your funding in a real‑time dashboard, contact your account manager with questions, and enjoy predictable cash flow without the administrative burden.

Start the Process

Invoice Factoring Qualification
Requirements and Criteria

Aspen Factoring offers solutions tailored to the unique cash flow challenges of multiple industries.
While every sector has different needs, they all share a common requirement—timely access to working capital.

Transportation & Freight

Trucking companies, owner‑operators, carriers, and freight brokers often wait weeks to be paid by shippers and brokers. Aspen ensures you have money for fuel, repairs, driver payroll, and expansion. With our technology integration, invoices are validated within minutes, and funds are available the same day (subject to submission cutoff times). If you need more than your approved advance rate for your outstanding invoices to cover increased fuel costs or unexpected repairs, we can qualify you for more funding.

Learn how we help Transportation businesses

Staffing

Staffing firms need capital every week to meet payroll. By factoring invoices, you receive cash immediately, so you can recruit and pay employees without waiting for client payments. Aspen’s flexible terms support your growth across industries such as healthcare, industrial, and IT, among others.

Learn how we help Staffing businesses

Manufacturing

Manufacturers face long payment cycles and enormous upfront material costs. Our factoring services bridge the gap between production and payment, ensuring you can purchase raw materials, pay labor, and meet orders on time. Over‑advance options help when you need more availability to cover large production runs or tight supply chains.

Learn how we help Manufacturing businesses

Construction

Contractors face challenges such as retainage, slow payment cycles, project delays, and unpredictable timelines. We provide working capital for materials, payroll, and unexpected expenses well before project completion. If you need more to fund a significant project or bridge delays, over‑advances are available.

Learn how we help Construction businesses

Professional Services

Consultants, marketing agencies, engineering firms, and other B2B service businesses benefit from factoring to stabilize cash flow between milestone or contingency payments. Aspen’s over‑advance program is there when high‑value projects require more than typical advances.

Learn how we help Professional Service businesses

Technology

Managed services providers and IT consultancies sometimes struggle with irregular billing tied to milestones and subscription terms. Factoring provides consistent cash flow to support growth and innovation. For times when additional capital is needed beyond approved advance rates, Aspen can qualify you for an over‑advance.

Learn how we help Technology businesses

Start Your Invoice Factoring Process Today

Ready to Experience How Invoice Factoring Can Transform Your Cash Flow?

Our streamlined process gets you from application to funding in as little as 48 hours.

Start Today