You don't need more money, you just need the money you've already earned!
Is your company's cash flow keeping you up at night? Are slow paying customers preventing you from growing your business? If so, Oak Hill Funding may be able to help. We provide working capital to companies like yours by purchasing your accounts receivable, a process known as factoring. When you factor, or sell your invoices, you receive your funds quickly while we wait for payment from your customers.
How it works
Nothing changes about how you invoice - you continue to process them as you have been.
Funds are sent to you within 24 hours of verification.
Once the payment settles, the balance is returned to you, less a small factoring fee.
At first it may seem like meeting payroll and other financial obligations are the biggest benefit of factoring. But factoring can do so much more. It gives businesses the ability to grow by taking on new clients with the confidence that the working capital will be there to add staff, meet payroll and cover other expenses Imagine how much new business you could add if you knew you would have enough working capital on hand to meet payroll. Factoring opens the door for your company to expand confidently knowing cash flow will not be an issue.
Straight answers
From the time we receive your completed (no-fee) application, the approval process takes up to two business days. In most cases, once you have been approved, your first funding will be completed within 48 hours.
No — you continue to bill as usual and maintain the relationship with your customer.
Approved and verified invoices are funded within 24 hours.
Yes. Factoring has been used by businesses for generations and is particularly useful in industries where companies must meet payroll and operating expenses while waiting for customers to pay. We have extensive experience providing working capital to home healthcare and other labor-intensive businesses.
Let our experience work for you
Through our experience funding hundreds of companies in the home healthcare and other labor intensive industries, we've learned that the timing of collections is critical to operations. By factoring your invoices, you can access a substantial portion of the money you've already earned weeks or even months before your customer pays - helping you maintain more consistent cash flow.
About us →Leverage your accounts receivable - the work you've already completed but haven't yet been paid for - to improve cash flow and grow your business.