Fleet Invoice Factoring
Get Paid Faster
For Your Fleet Invoices
MFS Financial purchases your fleet invoices and pays you within a week. No bad debt risk. Simplified reconciliation. Keep your business moving.
WELCOME
TO
SERVICE
We know your business, because we come from your business
Factoring Your Fleet Invoices
ABOUT US
Simply put, MFS Financial purchases your invoices minus any rebates and fees and pays you the net total on your MFC billing cycle. As the sister company to MFC, we ensure we keep the money moving. FASTER
CENTER
1 Week
Payment Time
100%
Invoice Coverage
$0
Bad Debt Risk
Factoring Your Fleet Invoices
HOW IT WORKS
Factoring in Detail
Factoring is when MFS Financial purchases invoices from clients/store owners, assuming ownership of the invoice and responsibility for collecting the debt. MFS only offers factoring services in conjunction with Sound Billing/MyFleetCenter's billing service.
What Are the Benefits?
When a client/store owner/franchisee chooses to use MFS, they receive payment for invoices the week after the invoice is imported into our billing system. In addition, reconciliation becomes easier because payment and fees all happen on the same payment reconciliation report.
- 1
MFS Financial Purchases Your Invoices
We buy your fleet invoices, assuming ownership and responsibility for collecting the debt. We assume the risk and the wait.
- 2
Trusted Cash Flow — Direct to You
Receive payment the week after invoices are imported into our billing system. Minus rebates and fees — you always know how much is coming.
- 3
Reconciliation Is a Breeze
Payment and fees all happen on the same reconciliation report. Simplified reconciliation allows you to focus on growing your business.
Why Choose Factoring
BENEFITS
Conquer Reconciliation
Payment and fees on the same report makes the reconciliation process much easier.
Trusted Cash Flow
You will always know how much money is coming your way — paid within a week.
Grow Fleet Business
An easily reconcilable fleet system lets you focus on growth, not paperwork.
Testimonials
WHAT CLIENTS SAY
MFS Financial completely transformed our cash flow. We used to wait 60+ days for fleet invoice payments — now it's a week. Game changer for our operations.
The reconciliation alone is worth it. Having everything on one report saves my team hours every billing cycle. We can finally focus on growing the business.
As a multi-store operator, factoring with MFS means I never worry about bad debt. They take on the risk so I can focus on my customers.
Transparent Pricing
WHAT DOES FACTORING COST?
Our factoring fee is a formula calculated as Prime + 7% for 90 days.
Factoring fees are in addition to MFC Billing fees.
Here's an example of the formula:
MFS Financial Factoring Formula
- Prime Interest Rate
- 7.25%
- Factoring Multiplier
- + 7.00%
- Subtotal
- = 14.25%
- Divided by 365 days
- 0.00039
- x 90 days
- x 0.0370
- Total factoring rate
- 3.70%
- Invoice total
- $100
- Factoring Fee
- $3.70
- TOTAL paid to you
- $96.30
(Invoice total times factoring rate)
(less any rebates, AI, MFC fees, etc.)
Common Questions
FACTORING FAQs
Contact Us
GET IN TOUCH
SERVICE
Jessica McIntyre
CEO
MyFleetCenter