How it works

Get paid the day you deliver

Invoice factoring turns the 30, 60 or 90 days you'd normally wait to get paid into cash in your account today. You do the work, submit the invoice, and Xfund advances up to 90% the same day — so your business never runs on empty while your customer takes their time.

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A funding example

Invoice you submit$50,000

Advanced to you today (90%)$45,000

Estimated factoring fee (2.5%)−$1,250

Reserve released when customer pays$3,750

Total you receive$48,750

Get Funded Today

Illustration only. Advance rates up to 90% and fees from as low as 1% depend on your industry, volume and customer credit. Ask us for a custom, no-obligation quote.

Same day Funding on approved invoices Up to 90% Advanced up front 24–48h Typical onboarding From 1% Simple factoring fee

The process

From application to funded, step by step

No lengthy underwriting and no mountains of paperwork. Here's exactly what happens from the moment you apply to the moment cash lands in your account.

Apply & get set up

Tell us about your business and who you invoice. Approval is based on your customers' credit, not just yours, so newer companies and owners with credit dings are welcome. Most clients are onboarded within 24–48 hours.

Deliver the work

Keep doing what you do best — haul the load, staff the shift, ship the order. Complete the job for your customer exactly as you normally would. Nothing about how you operate has to change.

Submit your invoices

Upload your invoices to our secure online portal in minutes — from your phone or your desk. There's nothing to mail and no waiting on the post. Submit before the daily cut-off to fund the same day.

Get funded — today

We advance up to 90% straight to your bank account by direct deposit. When your customer pays us on their normal terms, we release the reserve, minus our small fee. That's it.

Start Your Application

Getting started

What you need to get started

Qualifying for factoring is far simpler than a bank loan. If you invoice other businesses for work you've completed, you're most of the way there. Here's the short checklist.

You're a B2B business. You invoice other businesses or government, not individual consumers.
Invoices for completed work. The load has been delivered or the job is done — we fund receivables you've earned, not future work.
Creditworthy customers. The businesses who owe you are financially sound — that's what your approval rests on.
A void cheque. So we can send your funding by direct deposit, straight to your business account.
Basic business documents. Registration or incorporation details and photo ID — the essentials to verify who you are.

Apply in Minutes

Approval based on your customers, not your credit

Because we're advancing against invoices your customers will pay, we look at their creditworthiness far more than yours. That makes factoring a fit for startups, owner-operators and business owners rebuilding credit.

Same day Funding speed 1%+ Rates from No Long contracts

Side by side

The math, in plain English

The real cost of factoring isn't the small fee — it's what waiting to get paid does to your business. Here's how the two stack up.

What it looks like	Waiting for your customer	Factoring with Xfund
Time to cash	30, 60 or 90 days after you invoice	Same business day on approved invoices
Effect on payroll	You front wages and fuel out of pocket while you wait	Cash is in the bank to cover payroll, fuel and the next job
Collections work	You chase invoices, send reminders and follow up	We handle collections professionally on your behalf
Cost	Missed jobs, strained suppliers and stalled growth	One clear factoring fee, from as low as 1%

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Good to know

Questions about the process

How fast can I actually get funded? +

Once you're set up, invoices submitted through the portal before our daily cut-off are typically funded the same business day by direct deposit. New clients are usually approved and onboarded within 24–48 hours, so most businesses go from applying to their first funding within a day or two.

What's the difference between recourse and non-recourse? +

With recourse factoring, if your customer ultimately doesn't pay the invoice, you buy it back or swap it for another — it's simpler and usually the lowest rate. Non-recourse factoring shifts the risk of a customer's insolvency to us, giving you added protection for a slightly higher fee. We'll help you choose the right fit for your customers and cash flow.

What happens if a customer is slow to pay? +

You've already been advanced up to 90%, so a slow-paying customer doesn't hold up your cash flow. Our team follows up on the invoice professionally and courteously, keeping your customer relationships intact. When they pay, we release your reserve minus the agreed fee. Because factoring fees can scale with how long an invoice stays open, we keep you informed every step of the way.

Can I choose which invoices to factor? +

Yes. Xfund is flexible — factor as many or as few invoices as you like, whenever you like. There are no monthly minimums and no long-term lock-in, so you can use factoring to smooth out a busy stretch or make it a steady part of how you fund the business.