It is widely believed that all factoring companies are pretty much the same, and that they all operate in the same way. That belief used be true, but no longer. Photon Funding, LLC has re-invented factoring, and it's the technological leader in the factoring industry. As a result, our clients enjoy the benefits of a 100% paperless, web-based factoring experience, where all parties are connected in real-time on the internet, resulting in the fastest invoice funding in the factoring industry.

*An Extranet is a secure website, with user ids and passwords, where all parties, which, in this case, include you, your customers and Photon Funding, LLC, collaborate online to consummate invoice factoring transactions.

The Other Factoring Companies

Invoice factoring is a form of accounts receivable financing for small business owners who are unable to obtain conventional commercial bank financing. Photon Funding, LLC is the only modern invoice factoring company. It utilizes the latest in information technology. Other invoice factoring companies are "Old School," meaning their factoring operations are based upon the same ancient, paper-based factoring model which has remained unchanged since its inception centuries ago.

How "Old School" Factoring Companies operate:

The small business client sends paper invoices to the factoring company by snail-mail, overnight mail, fax, etc. The factoring company, which is swimming in its clients' paperwork, engages in the manual, time-consuming, tedious process of checking the collection performance of the client's previously factored invoices, checking the credit of the specific customers, and verifying the new invoices.

The factoring company stamps or stickers the client's 'paper invoices with factoring notices and re-mails them, usually by snail-mail, to the clients' customers for payment. Within 30 days, the factoring company's collection department begins its incessant phone calls to the customers' accounts payable dept hammering them for payment.

Our Flexible Factoring Agreement

• No application or setup fee
• There is no term & no expiration date
• Factor for as long as you want
• Terminate at any time by simply paying us off
• No early termination fee

Here's How Our Factoring System Works

Basic Concepts

• We do not accept paper invoices for factoring
• Create invoices on our website or upload offline Quickbooks invoice data
• Your invoice data is stored Amazon.com Elastic Cloud 2 (EC2) database system
• Funding requirements:
• Services must be performed, or
• Goods must be received & accepted, and
• Customers must be creditworthy
• Automated invoice verification & collection
• Automated text message alerts to your smartphone

How we obtain your invoice data

If you are a not a Quickbooks User:

Either create your invoices on our extranet with your desktop, laptop PC, Mac or smartphone by using our exclusive online invoice creation form.

If you are a Quickbooks User:

Create your invoices offline in Quickbooks, then login to our website & click a link and our software which will open a communication channel to your Quickbooks company file and upload the Quickbooks invoice data to our server and database. You will view the data on a web page and select the invoices you want to factor by clicking links.

The Benefits of Our Unique Factoring System

• Paperless Factoring = Faster Funding
• Same Day Funding, in most cases
• Automated invoice verification & collection
• Automated text message alerts to your smartphone

You can even use your smartphone to factor

Our online invoice creation app is smartphone ready. Can you image creating invoices for a factoring company on your smartphone without having to install any software? Amazing!