Key takeaways
- Advances are based on invoices you have already earned.
- Your customers’ payment history matters as much as your credit.
- Funding grows as your sales grow.
How invoice factoring works
If your customers pay on terms, factoring lets you get most of the invoice value now. Approval leans on your customers’ ability to pay, not just your credit.
1West offers accounts receivable financing through its lender marketplace, using the money your clients owe as collateral.
Published terms for invoice factoring
| Lender | What they offer | Speed | Published minimums | Source |
|---|---|---|---|---|
| 1West | Receivables financing backed by what clients owe you | Offers usually inside 24 hours | A 6 month track record, 4 months of statements, $15K monthly deposits | 1West website |
Checked Oct 23 2026. Lender terms change often.
Who factoring works for
Factoring fits businesses that sell to other businesses on net 30 to net 90 terms: trucking, staffing, construction, wholesale. If your customers pay at the register, it is not the right tool.
Questions owners ask
Factoring or a line of credit?
Factoring grows with your sales and depends on invoices. A line of credit depends on your own revenue and credit.
Will my customers know?
With most factoring, yes, because they pay the factor. Some receivables loans keep it private.
Who is it best for?
B2B businesses like trucking, staffing, construction and wholesale.