Factoring Fast

What Factoring Fast does

Factoring Fast is a privately held invoice factoring company headquartered in Beachwood, Ohio, that purchases accounts receivable from small and mid-sized B2B businesses at a discount in exchange for immediate cash. The firm has operated since 1990 and serves clients across the United States (with dedicated programs in Ohio, Texas, California, Florida, and Illinois) and Canada. Its core offering advances 70-99% of invoice value within 24 hours, with discount fees typically ranging from 0.59% to 3.5% per 30-day period depending on volume, industry, and credit quality.

The company's product catalogue is organized by vertical and includes freight bill factoring for trucking carriers and brokers, payroll funding for staffing agencies, medical receivables financing, oilfield services factoring, manufacturing factoring, construction factoring, security guard company financing, cell tower construction factoring, and pallet company factoring. Specialty products include Second Position UCC Invoice Factoring (for borrowers already encumbered by a bank or SBA lien) and International Factoring Services. A separately distributed product line of NIOSH-approved N95 respirators is offered through a 2020 distribution partnership with PHG. The underlying technology is a web-based portal with electronic invoice submission, real-time funding status tracking, and mobile-compatible upload, supported by an inside sales team reachable via a toll-free number.

Revenue is generated entirely from transaction-based factoring fees, with no subscription, interest, or balance-sheet lending outside the factoring line. Customer acquisition relies on SEO-optimized state and industry landing pages, an active blog, online quote forms, and toll-free phone inbound into an inside sales function. The firm has no disclosed external funding rounds, no disclosed management team on its website, and a reported employee headcount of 1-10, indicating a lean, owner-operated structure. Customer concentration is spread across multiple SMB verticals and geographies, with named case-study clients drawn from manufacturing, trucking, and transportation.

Name

Factoring Fast

Legal name

Factoring Fast

Website

https://factoringfast.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

1–10 employees

Short description

Factoring Fast is a privately held, Ohio-based invoice factoring company that purchases accounts receivable from SMB clients across the USA and Canada, advancing 70-99% of invoice value within 24 hours in exchange for a 0.59%-3.5% discount fee. It serves vertical-specific factoring programs for trucking, staffing, medical, oilfield, and manufacturing businesses.

Ownership category

akta.pro rank

Product category

Invoice Factoring Services

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Invoice Financing, Factoring & Receivables Management (FSAGAJAB)

akta.pro secondary industries

Invoice Financing & Factoring (FSAKAGAC), Receivables Finance (Factoring, Invoice Discounting, Forfaiting) (FSABAHAD)

Keywords

• Invoice factoring services
• Accounts receivable financing
• Freight bill factoring
• Cash flow solutions
• Small business lending

Headquarters

HQ city

Beachwood

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Invoice Factoring Fees: Business sells accounts receivable (invoices) to Factoring Fast at a discount for immediate cash. Factoring company advances 70-99% of invoice value upfront and collects payment from customers, remitting remainder minus factoring fee.
2. Discount Fee (Factoring Rate): Fees typically range from 1% to 3% per 30 days depending on monthly volume, customer credit quality, and industry. Rates can be as low as 0.59% for high-volume clients or under 1% for relationships over $5 million per month.
3. Freight Bill Factoring: Specialized factoring for trucking companies and freight brokers with advances up to 99% and same-day funding. Industry-specific rates and flat rate options available.
4. Payroll Funding for Staffing: Invoice factoring specifically designed for staffing companies to bridge gap between service delivery and payroll cycles. Advances up to 98% with rates as low as 1%.
5. N95 Mask Sales: Distribution of NIOSH-approved N95 masks manufactured in USA through partnership with PHG. Volume discounts and production line contracts available for qualified buyers.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Factoring Fast purchases businesses' accounts receivable (invoices) at a discount, advancing 70-99% of the invoice value within 24 hours and collecting payment from the business's customers. The company specializes in freight bill factoring for trucking companies and offers industry-specific programs for staffing, medical, oilfield, construction, security guard, and manufacturing businesses across the USA and Canada. Additional offerings include fuel card credit lines, second position UCC factoring, international factoring services, payroll funding, and N95 mask distribution through a partnership with PHG.

Product overview

Factoring Fast operates as a factoring services company offering a comprehensive suite of invoice factoring and accounts receivable financing solutions. The core offering is Invoice Factoring, supported by specialized variants including Freight Bill Factoring, Accounts Receivable Factoring, Invoice Funding, and Cash Flow Factoring. The company provides industry-specific factoring programs for trucking, staffing, medical/healthcare, oilfield services, construction, security guard services, cell tower companies, and pallet companies. Regional services cover California, Texas, Ohio, Florida, Illinois, and Canada. Additional offerings include Second Position UCC Invoice Factoring for businesses with existing bank UCC filings, Payroll Funding for Staffing Companies, International Factoring Services, Invoice Discounting, and Fuel Card Programs for trucking fleets. The company also offers N95 mask products through a partnership with PHG. Technology features include mobile invoice submission and an online web portal for real-time funding status tracking. Factoring Fast has been operating since 1990, positioning itself as one of the best online factoring companies serving small businesses across the USA and Canada.

Differentiator

Problem solved

Functional benefit

Products and services

• Invoice Factoring Primary service allowing businesses to sell their accounts receivable invoices to Factoring Fast for immediate cash, typically advancing 80-99% of invoice value within 24 hours. Includes related variants such as accounts receivable factoring, invoice funding, cash flow factoring, and invoice discounting.
• Freight Bill Factoring

Quantifiable outcome

• Reduce raw material costs by 4% by paying suppliers quicker
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• PHG (Partnership Healthcare Group)minorOEM/ Whitelabel/ Licensing Partner · 1 August 2020Factoring Fast distributes NIOSH-approved N95 masks manufactured by PHG in the USA. The PHG model 5160 N95 respirator is available through Factoring Fast's distribution channel with volume discounts and production line contracts for qualified buyers. Factoring Fast does not export and ships only within the USA.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Porter Capital: Porter Capital provides invoice factoring and AR financing to SMBs across the US. It directly competes on core factoring products, advance rates, and SMB target customers.
• eCapital: eCapital (formerly Gerber Finance) offers factoring, asset-based lending, and AR financing to SMB and mid-market clients. It overlaps with Factoring Fast on invoice factoring products and SMB serving model.
• Triumph Business Capital: Triumph specializes in transportation factoring for trucking companies and freight brokers. It is one of the closest direct competitors to Factoring Fast's freight bill factoring offering and trucker customer segment.
• AltLine by Pacific Western Bank: AltLine operates a marketplace and direct factoring program for SMBs across multiple industries. It competes with Factoring Fast on invoice factoring products and the digital SMB onboarding motion.
• Breakout Capital Finance: Breakout Capital provides factoring and purchase-order financing to small businesses. It directly overlaps Factoring Fast on invoice factoring and on serving small, growth-stage companies that need fast funding.
• Riviera Finance: Riviera Finance is a long-standing factoring company offering accounts-receivable financing across industries. It overlaps with Factoring Fast on core invoice/AR factoring, multi-vertical coverage, and SMB focus.
• Fundbox: Fundbox provides SMB invoice advances and working-capital financing through a digital platform. It competes with Factoring Fast on invoice-financing product, target SMB customers, and self-serve online experience.
• American Receivable (DBA TFS Financial): American Receivable is a factoring company offering AR financing and factoring lines to SMBs. It competes with Factoring Fast on invoice factoring products, flexible contracts, and SMB client base.
• BlueVine: BlueVine is a fintech lender offering invoice factoring and lines of credit to SMBs. It directly competes with Factoring Fast on invoice financing products, digital onboarding, and speed of funding.
• TAB Bank: TAB Bank provides factoring and working-capital solutions, with notable strength in trucking and staffing. It competes head-to-head with Factoring Fast on the same primary verticals and advance-rate structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/factoringfastohio
• LinkedInlinkedin.com/company/factoring-company

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Factoring Fast