The process is simple, fast and seamless.

Immediately monetize accounts receivable and accelerate cash flow.

how does factoring work arrow

 HOW FACTORING WORKS.

how does factoring work arrow

For a complete explanation of factoring, check out our comprehensive guide to Invoice Factoring.

 OUR PROCESS.

how does factoring work credit card

EASY TO SET UP AND DRAW FUNDS

Once approved for funding, you’ll be given a credit line and access to our online portal. Draw from the credit line by submitting invoices of your choice through the portal.

how does factoring work mail

UPDATE YOUR CUSTOMERS WITH YOUR NEW HARPER ACCOUNT

Send your customers the account information assigned to you (PO Box and bank account) to accept checks and electronic payments. The accounts will be under your business name.

how does factoring work clock

RESPONSE WITHIN 24 HOURS FOR YOUR FIRST ADVANCE

Submitted invoices are approved within 24 hours if it’s the first time with a particular customer. Afterwards, invoices with familiar customers are approved within a few hours. Once approved, up to 85% of the invoice value will be wired to your business account for same or next day availability.

how does factoring work calculator

INVOICE IS PAID BY THE CUSTOMER

Once the customer pays off the invoice, Harper releases the remaining 15% of the invoice value to your bank account net of a small factoring fee. It’s really that simple!

CASH BALANCE OF ACTUAL HARPER CLIENT

How Does Factoring Work

Cash balance of growing advertising agency with 75 day average receivables. Agency partnered with Harper to fund operations while experiencing 3x revenue growth. They maintained the cash flow needed to pay employees and vendors on time without raising additional equity.