Invoice factoring in Fraser converts your outstanding business-to-business invoices into immediate working capital, letting you pay suppliers, meet payroll, and cover operating expenses without waiting 30, 60, or 90 days for customer payment.
Invoice factoring
Invoice factoring is a financing tool where a business sells its accounts receivable to a third-party factor at a discounted rate in exchange for immediate cash. The factor then collects payment directly from your customer when the invoice comes due. This arrangement provides liquidity without adding debt to your balance sheet, making it especially useful for companies experiencing rapid growth or seasonal demand. Lakeridge Commercial Capital acts as your broker, connecting Fraser businesses with factoring partners whose underwriting criteria and advance rates align with your industry, invoice quality, and customer creditworthiness.
Invoice factoring
Fraser sits along the 15 Mile Road corridor between Utica and Roseville, home to manufacturers, distributors, and service contractors who often extend net-30 or net-60 terms to larger corporate clients. When a Fraser machine shop completes a production run for an automotive tier-one supplier but must wait two months for payment, factoring bridges that gap. The factor evaluates your customer's ability to pay, not your credit score or time in business, so newer companies and those rebuilding credit can qualify. Our Fraser business financing hub explains how factoring fits alongside other capital options.
As a licensed commercial-loan broker serving Fraser and the surrounding Sterling Heights area, we compare factoring programs across multiple providers to find terms that match your invoice volume, industry, and customer base. We walk you through underwriting expectations: factors want to see clean invoices with creditworthy commercial customers, proof of delivery or service completion, and no existing liens on receivables. Because we maintain relationships with factors specializing in manufacturing, logistics, staffing, and professional services, we can place files that single-source providers might decline. Our office at 11080 Hall Rd in Sterling Heights is a short drive west on 15 Mile, and you can reach us at (586) 366-7772 to discuss your receivables.
Invoice factoring
Consider a Fraser-based HVAC contractor who lands a multi-building retrofit project for a commercial property manager in Clinton Township. The contract specifies payment within 45 days of project milestones, but the contractor needs to purchase equipment and pay installers now. By factoring those milestone invoices, the contractor receives funds within days, completes the work on schedule, and avoids turning down future opportunities due to cash constraints. Learn more about invoice factoring across our service area or explore other Sterling Heights financing solutions.
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