Financing solutions that turn dreams into reality

Flexible terms, human approach, and fast approvals for every

staffing agency

manufacturing company

transportation company

B2B company

startup


to thrive.

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25 years

of experience

800+

clients

$3B+

funded

Embrace your potential

90-day trial
Zero signup fees
Highest advance rates
Complimentary credit checks
No minimums required
24/7 account portal access
Choose which invoices to fund

Bridge the cash flow gap

A steady cash flow is the lifeblood of your business. We turn your outstanding invoices into immediate cash, boosting your day-to-day operations and long-term growth strategies.

Simplify payment collections

Chasing payments shouldn't be your full-time job. We take on the responsibility of collecting from your clients, allowing you to focus on what you do best—running your business.

Move beyond debt

Traditional borrowing can feel like a trap with long-term consequences. Our financial solutions provide an alternative source of funding that doesn't increase your debt, keeping your balance sheet healthy and your future bright.

Prepare for the unexpected

Emergencies are unpredictable, but your response doesn't have to be. With our fast funding, you're equipped to handle unexpected financial demands without disrupting your business.

The simple path to financial freedom starts here

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01

Send us your invoices

We'll quickly verify the details and advance you up to 95% of the invoice value upfront, holding the remaining until the invoice is settled.

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02

Receive your payment

After you've been paid, we step in to collect the funds from your clients, freeing you to focus on what you do best over the next 30 to 90 days.

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Relax and rejoice

Once the invoice is settled, we transfer the remaining balance to you, minus a small service fee, ranging from 1% to 3% of the total invoice amount.

Payroll Funding

Our payroll funding options guarantee your team is paid on time, with room to take on larger projects, and create new partnerships.

Invoice Factoring

Say goodbye to waiting on payments with quick and easy access to your funds through our invoice factoring service.

We're in the business of turning 'what ifs' into 'what's next

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At the heart of our business is a team dedicated to yours

Our approach to financial solutions is tailored specifically for you. It's more than a service; it's a partnership that understands the ups and downs of your journey. Each of us, from advisors to support staff, are seasoned pros with years of experience looking to turn every challenge into your next big win.

Paul DeLuca
CEO and Investor

Paul's passion to helping business owners is the driving force behind Meritus. Since 1998, Paul has partnered with over 600 staffing companies. With a keen eye for opportunities and a deep understanding of the day-to-day challenges businesses face, Paul is dedicated to providing specialty finance solutions that support business growth at every stage of their journey.

Let's connect!
Greg Moore
VP of Business Development

Over the last decade, Greg has dedicated the bulk of his time to business owners who are navigating common cash flow challenges while aiming to expand their operations. Focusing on finding creative solutions to their problems, Greg has supported hundreds of businesses, channeling growth into their operations through invoice financing.

Let's connect!
Larry Carnahan
Senior Growth Partner

Specializing in payroll financing and acquisition financing since 2006, Larry has crafted innovative financing strategies that address seasonal demands and fluctuating business cycles in the B2B and B2G sectors. His deep knowledge of the staffing, freight and retail industries continuously help businesses thrive in rapidly evolving economic landscape.

Let's connect!
Adam Forbes
SVP of Strategic Partnerships

With over 20 years in the staffing industry, Adam Forbes has firsthand knowledge of the challenges business leaders face when it comes to payroll funding, risk management, and navigating complex regulatory landscapes. A former staffing firm owner, he now specializes in structuring funding solutions that help staffing companies build stability and scale with confidence.

Let's connect!

Success stories to inspire your business

Discover how we help businesses like yours transform challenges into triumphs.

Factoring Finance for Manufacturers

Why Manufacturing companies need a finance partner?

The manufacturing industry is a working capital intensive industry. Labor, equipment, material, facility and logistics costs can add up for each job that is being taken on. Having enough working capital is paramount to a manufacturing business being able to grow.

What many manufacturing companies find

Many companies in manufacturing find they need to spend the time and money to order the parts or materials, pay for assembly, and have it shipped to the customer just to be able to invoice for a job. Then once the invoice is submitted, it still can take from 30-60 or more days to get paid for that job. Meanwhile the next order is in and you have to use your own working capital to manufacturer the order of another client or the next project.

How invoice factoring can help

Invoice factoring typically can get you 80-90% of the invoice value in cash on the day you submit the invoice to your client. This enables the manufacturing company to have the cash in hand to pay for the costs of the next project. When the client pays the invoice, the factor takes their fee of generally 1-3% of the invoice value and the manufacturer then receives the balance. This is a great way for a manufacturer to quickly scale up and have the working capital needed for continued growth.

Letters of Credit/ PO financing for Manufacturers:

Another useful finance tool can be Letters of Credit. This is when a finance company essentially guarantees payment to an overseas manufacturer enabling them to go ahead and make the product and so the manufacturer or distributor doesn't need to have the money for production up front. Check out our article on this at Letters of credit.

How a Manufacturer gets set up with factoring

Here are the basic 4 steps:

Quickly Sign Up - Just provide your full name, email and create a password.

Apply and Submit Info - Fill out and upload some basic information about your business.

Get Back to Work - Get back to doing your job while we get everything set up for you.

Accept and Submit for Funding - Sign our contract and upload invoices for verification and funding.

If you have any questions or want to discuss how Meritus can help provide accounts receivable factoring or import financing for your business, contact us at 877-648-3709 or complete the contact form.

Freight Forwarders Use Factoring for Cash Flow

Many freight forwarders come across cash flow problems at some point. Normally, this results because they have to pay shippers, warehouses and other service providers in the supply chain before their customers pay them. This can create big problems for startups, growing businesses, or any business without cash reserves.

Obviously, if you can't pay your carriers,(warehouse rent and suppliers) you're not staying in business for long. Some freight forwarders try to solve this problem by paying more slowly than they get paid, but this creates more problems then it solves. Eventually, two of your most important assets, your credit standing and your business reputation, diminish if you do business this way.

Invoice Factoring: A Better Solution

Let me offer you a better solution. It's called invoice factoring and it is tailor made for businesses, such as freight forwarders. Here's how it helps you speed up your cash flow and solve your cash flow problem. It starts with your accounts receivable invoices. The factoring company reviews your invoices and the credit worthiness of your customers. They consider your credit history secondarily, if at all. Then, based on your invoices, they make a decision to fund your need. Most factors give you 80% to 90% of the face value of your invoices upfront within 24 to 48 hours. Then they take on the responsibility of collecting on your invoices. You don't have to lift a finger, you just keep focusing on what you do best, managing the supply chain.  After the factor receives full payment on the invoices, you get the remaining value of the invoices, less the factoring fee. Normally, this fee runs about 1% to 3%, and depends on the quality and value of your invoices.

A Summary of the Benefits

Now you've probably already realized the benefits in this arrangement, but here's a quick summary:

  • You get the cash flow you need to pay your suppliers and vendors within 24 to 48 hours of getting set up with the factor.
  • Even if you're a startup or have a compromised credit history you can still get funded based on your customers creditworthiness or time in business.
  • This is not a loan, and it does not go on your books as outstanding debt. In addition, you do not have to present the intrusive financial and personal disclosures required for bank loans.
  • You can reassign or eliminate your accounts receivable personnel, and save money on your operating costs because the factor collects invoice payments.
  • The value of your invoices determines your funding capacity, not the bank.

I hope you see how invoice factoring is a great fit for freight forwarders. Keep in mind, you do not have to factor all your invoices, but I recommend you at least try it with a portion of your invoices and discover the benefits. If you have any questions, need more details, or exact terms contact us or sign up today!

9 Questions to Ask When Comparing Trucking Factoring Companies

In the U.S., the trucking industry generates 255 billion in revenue each year. According to American Transportation Research Institute, there are 500,000 trucking companies, but only four percent of these trucking companies have more than 28 trucks. The other 96 percent have 28 trucks or less, and 82 percent have six trucks or fewer. So, trucking is a multibillion dollar industry comprised mostly of small, independent operators.

Why is this information important?

There are two main challenges that trucking companies come across when looking at their business's finances. The first being cash flow and obtaining a business loan from the bank to keep up with payroll, expenses, etc. The second challenge being waiting the 60 to 90 days that it can take for clients to settle their invoices. With the majority of trucking companies in the United States having under 28 trucks, this also means that their teams are relatively small as well. People are wearing multiple hats to try and get things done, tasks may get missed, and scaling is challenging without the proper cash flow backing them.

Having a lack of cash flow can quickly become what is holding you back from onboarding an A-player in your industry, keeping up with payroll, paying vendors, and frankly, growing your business beyond what it is today. Freight factoring is one way to eliminate these obstacles, especially for smaller trucking companies or independent operators.

What Is Freight Factoring?

You've likely heard of factoring in the past, and it is basically a way to create cash flow immediately instead of waiting to collect on all your invoices. The freight factoring company pays you 85 percent or more upfront and then collects the invoice payments for you. Once the payments are collected they send you the rest of the payments, less a factoring fee. The fee normally runs from one to three percent of the dollar amount factored.

Many factoring companies specialize in trucking/transportation/freight forwarding, but the details of their proposals may vary widely. The number of options and the structure of the various agreements can get confusing.

In this article we will provide an overview of what to look at when comparing factoring companies.

1. How quickly can you get funding?

You will typically receive funding after the factoring company has received your submitted invoices. Some factors provide same day funding or next-day funding, while others will only fund after verifying your customer's bills, which can take more than 2 or 3 days.

The timeframe in which you receive your funding is one of the most crucial aspects of the contract that you need to consider. If you know that you typically need funding right away, then you will need to look at factoring companies that provide same or next-day funding.

2. What kind of customer service does the company provide?

Like any industry, there are varying levels of services when you need to get in touch with a representative. With finances, many people like to have the option of speaking with a person right away. If an issue arises where they need access to their funding sooner than expected or something has gone wrong with their account, having access to a person or a nearby office can be beneficial.

Here at Meritus Capital, we have local offices in a variety or locations. We make a point of interacting with our customers in person as often as we can, and we encourage customers to travel to our offices if it isn't too far for them. For example, we have team members located in Toronto, Canada, and we have a local office in Buffalo, New York. Should our Toronto clients want to make the short trip to Buffalo to visit our office, we encourage them to do so.

The kind of interactions you want to have with your factoring company is important to consider. You do not want to end up working with a company that only offers email support if you're someone who prefers to interact over the phone or in person. Make sure you do your homework before you set up a long-term arrangement.

3. Does the factoring company provide credit protection?

There are two kinds of factors: non-recourse and recourse. Recourse factors have the option of charging you back for any unpaid invoices, but the non-recourse factors provide credit protection. This is a very common question that comes up when we are speaking with companies about factoring. They want to know what happens should a client's invoice become delinquent and ultimately, become unpaid.

Having credit protection means that you will get paid on the invoice even if the invoice goes unpaid. Since they take on more risk, non-recourse factoring normally costs more.

Especially with a smaller company, it can be difficult to have a backup plan should an invoice go unpaid. It's important to consider what kind of strategy you have in place for unpaid invoices. Will you contact the customer or pursue them for the funds that they owe? Or, will you swallow the cost yourself and move on? Having an established plan of what you will do will help you establish if you will need recourse or non-recourse factoring.

4. How much is advanced and how much is held in reserve?

Factoring companies normally provide 85 percent or more when you submit an invoice. They will hold on to the remaining amount until the invoice is paid by the client. Once the invoice is settled in full, they will release the remaining funds, minus their factoring fee. The fee tends to be somewhere between one and three percent.

5. What are the rates and fees?

Factoring fees can come in many different shapes and sizes. The main thing you need to make sure of is that you understand what fees are going to be incurred by doing business with a factoring company. Make sure to ask the right questions! Here are some ways in which fees can be charged:

1. A percentage of the invoice value
2. They can depend on how long the invoice remains unpaid
3. There can be wire and ACH fees
4. Administrative fees
5. Interest
6. And much more.

Make sure you read the contract and understand all of the fees in which you are going to be charged so that you can make a smart decision about which structure is the best and most cost effective for you. The best way to compare proposals is to figure out the total cost of the fees as a percentage of the dollar amount of the factored invoices.

Flat Fees Versus Tiered Rates

The two most common fees charged are flat fees and tiered rate fees. Here is a quick explanation on how they typically work.

Flat Fees

Flat fees are really just how they sound. They are when a factoring company charges a one-time flat discount fee for the factoring of the invoice regardless of how long or how quickly the invoice is paid. This can be great, as it provides an upfront knowledge of exactly what your finance costs are going to be, but it can also prove expensive if your customers generally pay quickly.

If a factoring company charges a three-percent flat rate and your clients pay in 60-90 days, well then you are getting quite a good deal. But, if three-percent is charged and most of your clients pay in 7-30 days, well three-percent is a lot for such a short time.

Look over your customer list or aging and think about how long on average it takes for your customers to pay and that will help you in determining whether a flat rate really is a good deal for you or not.

Check out our latest insights

Staffing Veteran Adam Forbes joins Meritus Capital as Senior VP of Partnerships
Staffing Veteran Adam Forbes joins Meritus Capital as Senior VP of Partnerships
Revolutionizing Your Business Cash Flow with Accounts Receivable Factoring
Revolutionizing Your Business Cash Flow with Accounts Receivable Factoring
Accounts Receivable Financing: How the Process Works
Accounts Receivable Financing: How the Process Works

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Send us a note and our team will reach out to you or simply call us at 877-648-3709

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