Frequently Asked Questions

Invoice factoring is a form of financing where a business owner sells invoices to a factoring company for fast access to funds. The business owner receives cash for the invoice amount, usually less fees, ahead of the payment terms. The business owner’s customer, who is responsible for paying the invoice, instead pays the invoice amount to the factoring company according to the original payment terms. Invoice factoring also goes by the terms accounts receivable factoring or receivable financing.

The reason there’s a demand for factoring is because of cash flow issues caused by long business to business (B2B) payment terms. In many industries, it’s not uncommon for standard payment terms to be anywhere from 30 to 120 days. Instead of business owners being paid right after they’ve delivered goods and/or services, they have to wait to receive customer payments. With invoice factoring, you can get quick cash to easily keep your business growing and thriving through, making payroll, buying new equipment, paying your own suppliers, hiring staff, or fulfilling large orders or projects. 

FundThrough was launched in 2014 and has since shot up to become a leader in the financial technology space, funding tens of millions of dollars in invoices every month. We’re backed by some amazing VC and angel investors and are continuously developing new products to serve under-banked small businesses across the U.S. and Canada.

FundThrough is integrated with Quickbooks and OpenInvoice. If your accounting software isn’t supported, you can still certainly fund with us. 

Users have the ability to fund invoices of any size on FundThrough’s platform. Invoices must be less than 90 days old to be eligible for funding. Remember that FundThrough integrates with most popular accounting and invoicing apps to automatically pull invoices that are eligible for funding onto your dashboard.

Innovation is one of our company values! FundThrough leverages technology to automate the manual processes that many traditional financial institutions still use today. This allows us to provide you with funding in days.

If the need arises for an alternative arrangement (such as if your customer can’t pay their invoice on time), reach out to our support team who will work closely with you to find a solution that fits your business.

FundThrough uses information from your application and provided documentation to provide you with a suitable funding offer.

No. Creating a FundThrough account and advancing invoices will not affect your credit score.

Yes. FundThrough uses secure, bank-grade, 256-bit encryption to protect your data. We never see or store third-party usernames or passwords.

Yes, opening and keeping a funding account doesn’t cost a thing. We don’t charge annual fees and you’re never obligated to advance invoices.

Yes, if you need to cancel your account, please connect to one of our support representatives online. They will assist you in cancelling your account.