Invoice factoring lets you sell your accounts receivable to a third-party finance company in exchange for a cash advance, typically within one to two business days. The factoring company takes ownership of the invoice, collects payment directly from your customer, and advances you a percentage of the invoice value upfront. Once your customer pays, the factor releases the reserve minus a fee. Because approval hinges on your customer's creditworthiness rather than your own balance sheet, even newer businesses near Arrow Highway and Cienega Avenue can qualify quickly.