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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.

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Factoring Contact Form

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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
    No collateral needed
  • 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
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Simple

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

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Reliable

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

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Fast

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

graphic of invoice with arrow pointing to bank and arrow from bank to cash

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.

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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 of invoice stamped due with circular arrows pointing to and from credit cards

Why Use a Factoring Company?

Factoring companies and banks like TAB Bank offers several advantages for your business:

  1. Improve Cash Flow: Get immediate access to funds tied up in unpaid invoices. These funds can be used to cover expenses, invest in growth opportunities, or bridge gaps in cash flow.
  2. Focus on Growth: With TAB Bank handling the collections, you can concentrate on growing your business instead of collections.
  3. No Debt Incurred: Invoice factoring is not a loan, so you don’t incur debt. It’s a straightforward transaction where you receive money for your receivables.
  4. Credit Protection: We help to assess the payment reliability of your clients, reducing risk and helping you receive the funds you’re owed.
  5. Flexibility: Our tailored solutions fit your specific business needs, whether you’re a small business or a large enterprise.
  6. Expert Support: With over 25 years of experience, our dedicated relationship managers provide personalized attention and support, ensuring you get the best service and financial solutions.

Choosing TAB Bank as your factoring partner means you can rely on a trusted lender with the resources and expertise to help your business thrive.

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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 Businesses Choose TAB Bank

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.

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

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

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

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

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.

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.

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

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?

Get Started