Choosing A Factoring Company

Invoice Factoring
Made Easy at TAB Bank

Empower your business and achieve your financial goals by harnessing the potential of your balance sheet. Exchange your unpaid invoices for immediate access to working capital. You will be paid in advance and will not have to worry about collections.

Apply Now

Say Hello to a Smarter Approach to Invoice Lending

If you want your company to grow and thrive, you need to choose a reliable lender you can trust. A bank that has experience and the resources you need to access working capital. A bank that offers some of the best rates and quickest service in the industry. Most importantly, your business needs an invoice financing lender who tailors their services to your needs and offers easy-to-use solutions for factoring. TAB Bank is that lender.

Easy access to your cash with our streamlined online banking portal
Personalized attention from a dedicated relationship manager to help with your unique banking and financing needs
Customized invoice factoring solutions to fit your specific business

How You Can Grow Your Business with Invoice Factoring

When you get quick invoice factoring lines of credit, this immediate capital can help you fund your business in several ways, including the following:

Leasing or buying new equipment
Funding operating expenses
Paying taxes and payroll
Opening a new location
Covering cash flow gaps
Hiring new employees
Investing in marketing and advertising
Managing unexpected business expenses

Simple

Our easy-to-use technology and dedicated relationship managers will make your invoice factoring experience intuitive and hassle-free

Reliable

A partner you can trust—we have the resources and security of a bank, with the proven expertise of a commercial lender.

Fast

Automated and online processing ensure you can get access to the cash flow you need, anytime and anywhere.

Diagram showing invoice icon with arrow to bank icon with arrow to dollar bills icon

How Does Invoice Factoring Work?

Invoice factoring lines are financial transactions that turn invoices into cash – immediately. Invoice factoring is a widely used method that helps alleviate the waiting period companies experience after invoicing their customers. A major benefit to bill factoring is that you can get instant access to money that you’ve already earned, which enables you to put the capital to use towards your business to make the right moves and grow your company.

Are There Any Risks To
Invoice Factoring?

Invoice factoring is a versatile and powerful tool. However, there are some important considerations to keep in mind:

Although costs from reputable financial institutions like TAB Bank are modest, invoice factoring requires you to pay your provider for the service.
The creditworthiness of your clients is a factor. If they regularly have trouble paying bills, your invoice factoring partner may provide a smaller cash advance or otherwise discourage future interactions.
You need a high degree of confidence your clients will ultimately pay their invoice. Otherwise, you may ultimately have to collect yourself – and be on the hook for additional costs.

What Type of Businesses Use
Invoice Factoring?

Invoice factoring is available to B2B companies looking for an alternative to traditional business loans or lines of credit. TAB finances business in a variety of industries, including:

Service providers
Wholesalers
Distributors
Manufacturers
Importers
Transportation
Staffing
IT consulting
And more

How is Invoice Factoring Different
from Business Lending?

Invoice factoring is not a traditional business loan. Rather, it is simply the sale of assets, which are the accounts receivable or invoices. The lender purchases the right to collect a receivable or invoice, when it is paid, in exchange for a fee.

In this type of financial transaction, the factor is depending on your customers to pay. Therefore, a lender is more concerned with the financial credibility of your clients. Factoring companies can collect payment indirectly or directly. If your business has creditworthy customers, invoice factoring can help you access the funds you need without having to wait on customers to pay their invoices.

Graphic showing invoice due icon with arrows to and from credit cards icon

More Than an Online Bank

TAB Bank is the lender you’ve been looking for. For more than 20 years, hundreds of companies have used us to improve their internal operations and get paid faster – and you can too.

Why American Small Business Choose TAB Bank

Click to learn more about each item

It takes money to make money.

We get that. As an invoice financing lender, we make it simple for you to turn unpaid freight invoices into cold-hard cash that you can use to advance your trucking business.

Manage your business operations anytime, anywhere.

Our cutting-edge solutions are shaping the transportation industry and changing how trucking businesses access working capital.

Get personal assistance.

Our financial experts work with you one-on-one to develop a financing option that meets your needs for repayment scheduling and funding.

Thrive in the digital age.

Use advanced technology to eliminate the hassle of outdated pen and paper processes and streamline the trucking bill factoring process.

Invoice factoring for bad credit.

There is no personal credit requirement for TAB Bank’s invoice factoring services.

Minimal documentation required.

Our aim as a lender is to make financial transactions easier and less complicated. Therefore, we require very minimal paperwork to access a line of credit against invoices.

Receive world-class customer service.

Our financial professionals have the experience required to work with trucking businesses and understand your needs. Allow our experts to work with you to customize online factoring services tailored to your company.

Transparent invoice factoring services give you peace of mind.

Financial advisors at TAB Bank work with you to ensure you have a thorough understanding of our simple terms and invoice factoring rates.

Use your accounts receivable as collateral.

When you secure invoice factoring with TAB Bank, your accounts receivable serve as collateral, so no additional collateral is required.

Are you ready to turn your unpaid invoices
into cash flow for your business?

Apply Now

Invoice Factoring
Made Easy at TAB Bank

Say Hello to a Smarter Approach to Invoice Lending