Immediate cash flow so you can pay expenses now.
New to Invoice Factoring?
Slow-paying customers? Get cash now and let Triumph handle the rest.
Invoice factoring solutions gives you the control you want and the cash you need.
Factoring, also called accounts receivable financing or invoice financing, is a low-risk cash management solution for small to medium-sized companies. You incur expenses now for materials, employees, manufacturing, and delivery costs, but your customer gets 30 days (or longer) to pay. Often, the larger the customer, the longer they take to pay. The long payment schedules force many companies to delay expansion and hiring new workers. It drives some out of business entirely.
Invoice factoring solutions are the answer. You sell your accounts receivable at a small discount and get your money immediately.
How can Triumph Assume this Risk?
We offer two kinds of factoring: recourse, and non-recourse.
Triumph assumes all the risk for collecting the payment. It’s a lower-risk option for small companies but is slightly more expensive than recourse factoring. Many small operators prefer it though: they can’t stay in business without reliable cash flow.
Larger companies that can afford to cover unpaid invoices, but still need to speed up cash flow often choose this. With recourse factoring, the seller is responsible for the invoice amount if the customer fails to pay. If you have a well-diversified customer base, recourse factoring could be the more cost-effective option.