Capital and funding Every business Macomb County
You finished the work weeks ago, the customer pays on their own schedule, and your payroll does not wait.
Invoice factoring options for Macomb County businesses, compared on cost and terms, so slow-paying customers stop setting your cash flow.
10,167
Businesses in macomb county
Listings a customer can find here
45%
Licensed
Matched to a State of Michigan license
274,144
Google reviews held
Across every one of them here
In Macomb County
Grosse Pointe Yacht Club, Grosse Pointe Shores
Macomb County
You wrapped up a big commercial project in Macomb County on time and sent the invoice the same day. The customer pays on long terms, payroll is due Friday and the next job starts Monday with money that is not in the account yet.
Invoice factoring turns that approved invoice into cash now. A factoring company advances most of the invoice once it is verified, collects from your customer on their normal terms and sends you the rest, minus its fee, when they pay.
Payroll goes out on time and the next job starts without you borrowing against your house. You factor only the slow-paying accounts that need it, keep the rest in house and stop turning down good customers because of their payment terms.
Tap the ones that sound like your week.
10,167 businesses operate in Macomb County. Clean numbers and steady systems are what let one of them pull ahead.
Businesses here (dark bars) and across the six counties (light bars).
Macomb County first, Metro Detroit below
Macomb County first, Metro Detroit below
Macomb County first, Metro Detroit below
The names a customer compares you with, by Google review count.
We look at who owes you, how they pay and what your terms are.
Factoring companies quote on your invoices and we lay out the terms.
You choose which customers and invoices to factor, and the factor verifies them.
As cash steadies, we work toward a line of credit that costs less.
What we report every month: Cost of factoring per invoice, Days from invoice to cash, Share of receivables factored, and Progress toward a bank line.
You sell an approved invoice to a factoring company, which advances most of its value right away. Your customer then pays the factor on their normal terms, and the factor sends you the remaining reserve minus its fee. Approval leans mostly on your customers' credit, not just yours.
With recourse factoring, you buy the invoice back if your customer does not pay. With non-recourse, the factor takes on some of that risk, often only for a customer going out of business, and charges more for it. Read exactly what non-recourse covers before you count on it.
The fee depends on how long your customers take to pay, their credit, your monthly volume, your industry and whether it is recourse or non-recourse. Contract terms like minimums, long commitments and add-on fees can matter as much as the headline rate. We lay out the full cost of each offer before you sign and tell you how we are paid.
Construction factoring has its own wrinkles, like retainage, lien waivers and pay applications, so not every factor will take it. Professional firms with business clients on long terms often fit factoring well. Matching you with a factor that knows your work makes setup faster and the relationship smoother.
A line of credit usually costs less, and you keep collecting your own invoices. Factoring is often easier to get when you are newer or growing fast, because it leans on your customers' credit. Plenty of businesses use factoring for a stretch, then move to a line once their books and history support it.
No cost, and it can mean missed payroll, passed-up work and stress every week.
Fast, but often with daily payments and a high real cost tied to all your sales.
Factoring offers compared on full cost, used only for the accounts that need it, with a plan to move to cheaper credit.
Who you are dealing with
Before Rebuild Detroit, Tevin Jackson helped scale more than 100 home service brands with marketing, sales and operations. Business Services is that playbook, run for Macomb County businesses with the local numbers on this page, by the team behind the Rebuild Detroit directory.
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