Factoring

Factoring, also known as invoice financing or accounts receivable financing, is a simple and easy financing alternative that turns receivables into cash. Instead of having to wait 60 days to get paid, factoring allows you to get paid today, immediately improving cash flow.

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The Gibraltar Difference

 
TYPICAL COMPETITORWHY IT MATTERS
ADVANCE RATEUp to 120% of A/R 85% of A/RMore capital available for business needs
PRICINGPay fees only on funds advancedPay fees on full face value of invoicesTransparent pricing - no hidden fees
STRUCTURELine of CreditInvoice by invoice advancesControl daily advance amount and costs
VERIFICATIONPortfolio-basedInvoice-specificLess disruptive to customer relationships

65+ Years of Experience


Since our first client in 1951, we’ve learned a lot about what works and doesn’t in the factoring or financing of accounts receivable. Today, we provide the most competitive rates in the industry, a flexible funding process and a full suite of complimentary back-office support and lockbox services.

Our factoring solution takes the form of a revolving line of credit using accounts receivable as the collateral. Each day, we compile all of your accounts receivable balances in our calculation process which provides you the availability to take an advance up to 85% against the A/R value versus handling advances on an invoice by invoice basis. This “borrowing base” approach is less time consuming for you and allows you to advance only what you need.

Gibraltar’s underwriting is based on the credit worthiness of your customer (the end user or buyer of your product or service) and their willingness to pay for that product or service. In addition, our pricing is simple for you to calculate and is 100% transparent. Other factoring companies price their advances based on the full value of your invoices regardless of what they advance which means you end up paying for capital you don’t receive. Many competitors charge “discounts” which are difficult to understand. They may also break fees into confusing itemized charges making it difficult for clients to make comparisons across potential funding sources. At Gibraltar, we price simply and transparently.

Approval Process


Gibraltar’s approval process is quick, requiring only a summary A/R aging, a summary A/P aging and current year to date financial statements. We can provide a proposal within 24 hours of account review and funding within days of a signed proposal.

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Testimonials



“We started working with Gibraltar in 2013 to support our long term growth plans. Within the first few years working together, we grew revenue 8 times with their capital support. As we have grown and faced issues along the way, we’ve felt no need to seek other lender support as our opportunities with Gibraltar always expand to fit our needs.”Kenneth Leonard, CEO, Sunburst Digital
“They were very forthright and responsive, and I found that to be a huge plus to do business with them. I hope to have a very long relationship with GBC.” Steve Golden, Executive Chairman, Moasis