Invoice factoring
Invoice factoring is the sale of your unpaid invoices to a third-party factoring company. You receive an advance, typically a large percentage of the invoice value, within days. The factoring company collects payment directly from your customer, then remits the remaining balance to you minus their fee. It is not a loan. You are selling an asset you already own.
Invoice factoring
Glastonbury sits at the intersection of commuter traffic along Route 2 and residential neighborhoods that fuel steady demand for contractors, landscapers, and professional services. Many businesses here invoice municipal clients, insurance companies, or larger commercial customers who take 60 or 90 days to pay. Invoice factoring in Glastonbury lets you cover payroll, buy materials, and take the next job without waiting for slow-paying clients to settle their accounts.
Invoice factoring
Glenwood Lending is a commercial business-loan broker, not a lender. We connect you to factoring companies that fit your industry, invoice size, and customer profile. Our office is at 20 Church St, Hartford, CT 06103, and we work with businesses throughout Glastonbury and the surrounding Hartford area. We review your invoices, explain the process in plain language, and match you with a factoring partner who underwrites your customers' creditworthiness, not yours.
A mechanical contractor based near Main Street in Glastonbury completed a commercial HVAC retrofit for a property management company. The invoice was due in 60 days. The contractor needed cash immediately to bid on two more projects and meet payroll. Through invoice factoring, the contractor sold the invoice, received funds within two days, and kept operations moving. The factoring company collected directly from the property manager when the invoice matured.
If your Glastonbury business invoices creditworthy customers and cannot wait weeks for payment, call Glenwood Lending at (860) 743-7281. We serve Hartford and nearby towns with straightforward broker services that put the relationship first.
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