SMB Compass is a professional business financing company focused on providing financing and education to small businesses across the United States. We are home to some of the country's most trusted industry experts to assist you with more than one solution to your financing needs.
Our team's expertise goes beyond lending; we offer you well-calculated advice on equipment financing, asset-based loans, invoice factoring, and inventory financing so you have peace of mind in terms of growth.
We'll help you unlock your potential by adding value to your assets, so the only thing you’ll need to do is to focus on what matters.
Not at all! Qualifying for a invoice factoring through SMB Compass is simple and convenient, and you can complete it within a few minutes. Here’s how it works:
SMB Compass also helps niche industries and underrepresented groups like women-owned businesses secure the loans they need to succeed.
Invoice factoring gives you instant access to additional funds by selling your outstanding invoices to a factoring company.
Here’s how it works:
- 1. You sell outstanding invoices to a third-party company (lender or factoring company) in exchange for immediate capital – usually between 80% to 90% of the total invoice value.
- 2. The factoring company will wire the money into your account, which you can use immediately for almost any business purpose. With invoice factoring, you don’t need to wait for months before receiving payment.
- 3. When you factor your invoices, the factoring company will be in charge of collecting payments from your customers.
- 4. You’ll receive the remaining 10% to 20% (minus a small factoring fee) once your customers pay their dues.
Fuel Card Discounts
Save up to 45¢ per gallon with our fuel card discounts at truck stops and travel centers in the country! Our fuel cards work like a debit card – you can use it to pay for fuel, repairs, and other purchases. Qualification is fast and convenient for any fleet size.
Once approved, we’ll wire the money into your account within 24 hours. Our platform can process payments instantly without the hefty wire transfer fees.
No Additional Collateral Required
The invoices serve as collateral, so you don’t have to submit and risk your real estate properties, equipment, and other high-value assets.
No Minimum Monthly Volume Commitments and No Long-Term Contracts
We’ll help you set up an invoice factoring agreement that works for you. You’re not tied to long-term contracts and you can choose which invoices to factor.
© 2022 SMB Compass. All Rights Reserved