Invoice Factoring

Our services

Smart Growth Solutions helps independent contractors and small businesses improve cash flow by factoring approved invoices. If you are used to waiting 30 to 60 days to get paid, we can help you access funds faster.

How It Works

Step 1: Submit an Approved Invoice

You send us an invoice that is already approved for payment by your primary contractor or paying agency.

Step 2: Payment Direction Setup

For invoices you choose to factor, your primary contractor or paying agency must add Smart Growth Solutions as the payment recipient for those invoices. This is usually done by listing Smart Growth Solutions as the direct deposit recipient for the approved invoice payment.

Step 3: Get Paid Within 24 to 48 Hours

After verification, Smart Growth Solutions sends you an upfront payment, typically within 24 to 48 hours.

Step 4: Payer Sends Payment to Smart Growth Solutions

When the payer issues the invoice payment, it is deposited directly to Smart Growth Solutions.

Step 5: Final Settlement to You

After Smart Growth Solutions receives the payer’s payment, we send you the remaining balance, minus the agreed 20% factoring fee.

What Is Invoice Factoring?

Let's Get You Paid

Invoice factoring is not a loan. Factoring is the sale of an approved invoice to Smart Growth Solutions. You receive an upfront payment quickly, and when the payer issues the invoice payment, the transaction is settled.

There is:

• No interest

• No repayment schedule

• No compounding fees

Our Pricing

• Flat 20% factoring fee

• No hidden fees

• No long-term contracts

• Factor one invoice or multiple invoices

Who We Work With

• 1099 independent contractors

• Service providers working with social service agencies and government adjacent organizations

Invoice Requirements

Invoices must be:

• Approved for payment

• Verifiable with the payer

• Assignable under the payer’s terms

• Free of disputes, audits, or holds

Is this a loan?
No. This is invoice factoring, which is the sale of an approved invoice.

Do I have to change my direct deposit permanently?
No. Payment direction is set only for the invoices you choose to factor.

How fast can I get paid?
Typically within 24 to 48 hours after approval and verification.

Can I factor just one invoice?
Yes. You can factor one invoice or multiple invoices

Example

Invoice amount: $1,000

Upfront payment to you: $800 (typically within 24 to 48 hours)

Factoring fee: $200 (flat 20%)

Remaining balance after payer pays: $0

Frequently Asked Questions