Factoring Receivables
Expert Factoring Solutions
Fast, Flexible and Reliable Funding.
Turn your invoices into a predictable
source of working capital by factoring receivables
Turn Your Invoices
Into a Predictable
Source of Working Capital by
Factoring Receivables
Instant
pre-approval
Instant Pre-Approval
The time value of money is real, and if your business is waiting 30, 60, or even 90 days to get paid, you’re missing out on opportunities to invest in your company. Invoice factoring can help bridge the gap between when an invoice is created and when the customer actually pays, providing much-needed cash flow to keep your business running smoothly.
Maximum Loan Amount
Up to 100% of invoice value
Loan Term
30/60/90 days
Interest Rates
1.15 – 4.5%
Speed
As fast as 5 days
What can I use factoring for?
- Get your money as soon as you cut an invoice
- Invest back into your company
- Better financial planning
- Take on new projects
How can I secure factoring receivables?
It’s simple. Start by filling out our online application. First, we’ll need some basic information about your business, including annual revenue and average monthly receivables. Once we have a better understanding of your business, we’ll be able to provide you with customized financing options.
Qualifications:
- Startup with >$20K in monthly receivables
- >600 FICO score
- > $140K in Annual Revenue
- Business to Business
One approach, many benefits:
- Your working capital is no longer tied up in receivables
- Find new opportunities for your business – You get choices
- Diversify and grow your customer base – You get stability
Empower Your Business with BitX Capital: Invoice Financing for Immediate Cash Flow Boost
Unlock the power of your small business with BitX Capital, the ultimate solution for factoring invoices. Experience immediate access to cash, a game-changer for overcoming cash flow issues. No more waiting for payments – BitX connects you with the right lender for quick access to funds, making your cash flow consistent and reliable.
Makes the lending process
easy and transparent
Why Bitx
How To: The BitX Process
BitX highly values the small business community and ensures that you have a quick, easy, fast and frictionless approach to getting the right loan for your needs. Our value proposition is we offer customized services through a large loan marketplace.
A large number of loan options to suit your needs.
An extensive network of lenders for you to choose from.
Various kinds of short term, mid term, and long term loans.
Personal and commercial loans.
A lifetime connection with our customers that’s built on trust.
A rigorous internal process so you can leave the loan searching to us and focus on what truly matters to you.
Financing for business owners seeking capital for growth
At BitX Capital, our core value is to provide accessible and reliable funding solutions for businesses and individuals. We believe in empowering our clients to achieve their financial goals and succeed in their ventures. Our team is dedicated to delivering exceptional service and transparent processes to ensure the best possible outcomes for our clients. Trust us to be your partner in financing your dreams.
BitX is bonded and insured
We are backed by cybersecurity, protecting you against any mishap. You can trust us with your data; we’ve got it encrypted.
BitX comes from experience
The staff assisting you throughout is well-trained and grounded in the best banking practices. BitX has, after all, emerged from problems as a solution.
Small business loan specialists are available 6 days a week
Contact us today to speak with a representative to help you with your business’s needs.
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Talk to a rep at 203-763-1430
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Frequently Asked Questions
Is it expensive to factor in my receivables?
Factoring your receivables is generally more expensive than traditional financing options like bank loans or lines of credit. Factoring companies typically charge a discount rate ranging from 1% to 5% of the total invoice value, which often accrues weekly or monthly until the invoice is paid. The exact cost depends heavily on the creditworthiness of your customers and how long it takes them to settle their balances. You must also account for potential extra charges like application fees, processing fees, or early termination fees. Despite the higher effective interest rate, businesses often accept this cost to secure immediate cash flow without requiring strong personal credit or long approval times.
What if I have bad credit?
One of the biggest advantages of invoice factoring is that your personal or business credit score is not the primary deciding factor for approval. Instead, factoring companies evaluate the creditworthiness and payment history of your customers, since they are the ones actually responsible for paying the invoices. If your clients are established businesses with strong credit, you can typically secure funding even if your own credit is poor. However, severe financial red flags—such as an active bankruptcy or unresolved tax liens—might still cause a factoring company to deny your application. Ultimately, this makes factoring a highly accessible financing option for owners with damaged credit who need immediate cash flow.
How much money can I get?
Invoice factoring provides immediate cash flow, though it is generally more expensive than traditional financing due to discount fees ranging from 1% to 5%. Approval is highly accessible even if you have bad credit, because factoring companies evaluate the creditworthiness of your customers rather than your own financial history. When you factor an invoice, you typically receive an upfront cash advance between 70% and 95% of its total face value. The remaining percentage is held in a reserve account until your customer officially pays the invoice in full. Once the balance is settled, the factoring company releases the reserve funds back to you, minus their agreed-upon fee.
What happens if my customer doesn't pay?
What happens if a customer doesn’t pay depends primarily on whether your factoring agreement is structured as recourse or non-recourse.
With recourse factoring—the most common and affordable option—you are ultimately liable for the unpaid invoice and must either buy it back from the factoring company or replace it with a new invoice of equal value. Conversely, non-recourse factoring means the factoring company absorbs the financial loss if the customer defaults, though this protection typically only applies if the customer formally declares bankruptcy, rather than for general payment disputes. Because the factoring company assumes significantly more risk with non-recourse agreements, they charge much higher fees and require stricter credit checks on your customers. If a customer is merely late on a payment rather than fully defaulting, the factoring company’s discount fee will simply continue to accrue over time, steadily eating into your final reserve payout.
Who can’t get a factoring loan?
Businesses that sell directly to everyday consumers (B2C) cannot qualify for factoring, as the process strictly requires outstanding business-to-business (B2B) or business-to-government (B2G) invoices. You will also likely be denied if your clients have a history of frequent defaults or exceptionally poor credit, since their financial reliability is what actually secures the funding. Factoring companies also generally avoid financing invoices tied to highly contingent or disputed sales, such as consignment deals, guaranteed return policies, or complex construction progress billing. Finally, while your personal credit score isn’t the primary focus, severe legal or financial red flags on your end—such as an active bankruptcy or unresolved federal tax liens—will typically disqualify your business from approval.
Where is BitX based?
Our Headquarters is in Fairfield, CT. We operate remotely all over the US, with special emphasis on short-term loans across the states of California, Texas, Florida, Georgia, Connecticut, New York, Colorado, and Washington. So if you need us, we are near you!