Invoice Factoring
Turn invoices into cash the day goods ship.
Supply chain finance on what you sell. Pick the invoices you want funded and leave the rest on terms.
Example screen. The companies, people and figures shown are invented.
StrikeInvoices you can fund
| Invoice | Buyer | Amount | Due | Goods | |
|---|---|---|---|---|---|
| INV-9120 | NPNorthline Packaging | 186,000.00USD | 12 Jan | Shipped | |
| INV-9134 | CBCorvane Box Co | 94,500.00USD | 20 Jan | Shipped | |
| INV-9141 | HBHadley Box | 142,000.00USD | 28 Jan | Not yet shipped | |
| INV-9150 | MFMadar Freight | 61,000.00USD | 2 Feb | Delivered |
See the cash before you commit.
Funders offer an advance and a rate. Strike shows what lands in your account from each one.
Example screen. The companies, people and figures shown are invented.
StrikeFR-2077 · INV-9120
Offers on INV-9120
Cedar Commercial Bank puts the most cash in your account.
| Funder | APR | Advance | Approved advance | Tenor | Net cash received | |
|---|---|---|---|---|---|---|
| Atlas Trade Bank | 10.50% | 85% | 158,100.00USD | 45 days | 156,053.36USD | |
| Cedar Commercial Bank | 11.25% | 90% | 167,400.00USD | 45 days | 165,078.18USD | |
| Harbor Finance | 9.75% | 80% | 148,800.00USD | 45 days | 147,011.34USD |
Accepted. The notice of assignment goes to your buyer.
Your buyer is told once, in writing.
A notice of assignment goes to your buyer, and they acknowledge it on the record. Then they pay the funder.
Example screen. The companies, people and figures shown are invented.
StrikeNOA-1182 · INV-9120
Notice of assignment
- Offer accepted
- Notice sent
- 3Buyer acknowledges
- 4Funder pays you
Notice of assignment
To Northline Packaging
The Seller has assigned invoice INV-9120, for 186,000.00 USD, to Atlas Trade Bank. Please pay Atlas Trade Bank on the due date. The amount and the due date are unchanged.
Who pays whom, and when.
Three parties and one record. Nobody has to chase anybody for an update.
Bring your slowest-paying invoice.
We will run it through Strike with you, live, and reply within one business day.