What exactly is
Invoice Factoring?
We understand how the cost of supplies purchased from vendors, office rent, vehicle payments, and payroll for employees can add up at the end of each month. On top of that, insurance companies and glass claim intermediaries can take 30, 45, sometimes 60 days or longer, creating a problematic cash flow shortage.
To remedy this, we at Lightning Capital offer invoice factoring as a solution. Invoice factoring is the purchase of a shop owner’s invoices by a factor, a company that specializes in the purchase of accounts receivable. To think about it another way, shop owners sell their invoices to a factor at a discounted rate. This rate varies from company to company but is usually between 2-5%. The sale of invoices provides auto glass companies with immediate, useable capital, which allows the company to increase and maintain a steady cash flow.
What exactly is
Invoice Factoring?
We understand how the cost of supplies purchased from vendors, office rent, vehicle payments, and payroll for employees can add up at the end of each month. On top of that, insurance companies and glass claim intermediaries can take 30, 45, sometimes 60 days or longer, creating a problematic cash flow shortage.
To remedy this, we at Lightning Capital offer invoice factoring as a solution. Invoice factoring is the purchase of a shop owner’s invoices by a factor, a company that specializes in the purchase of accounts receivable. To think about it another way, shop owners sell their invoices to a factor at a discounted rate. This rate varies from company to company but is usually between 2-5%. The sale of invoices provides auto glass companies with immediate, useable capital, which allows the company to increase and maintain a steady cash flow.
Features behind our services
Why Choose Us?
Features behind our services
Why Choose Us?
Fast and easy account setup:
With our efficient and direct onboarding process, we can have your shop funding ready within 1-5 business days.
Tailored to your business needs:
Choose from two different funding programs. Always have the flexibility you need to be successful.
Dedicated Support:
With an entire team available and ready to provide truly top-notch service, you’ll always
have quality support at
your fingertips.
Fast and easy account setup
Tailored to your business needs
Dedicated Support:
Transparent pricing
No time commitments
Transparent pricing:
Transparency is vital to any successful relationship. Here at Lightning Capital, we provide a straightforward fee structure!
No surprises!
No time commitments:
Because businesses need change, you wont be locked into any funding terms. Fund with us for as long or as little as your business needs dictate.
Our Programs
Because our own roots lay in the auto glass industry, we understand the need for flexible and comprehensive funding options. That’s why we have developed two distinct funding programs that give shop owners the ability to tailor financial resources to best meet their business needs.
The GlassBiller Advantage Program
Customers currently using the auto glass management and billing platform, GlassBiller, can take advantage of this program. It offers a number of conveniences, including automatic fundings and top-notch support from our team over at GlassBiller. Spend less time worrying about your cash flow and more time managing and running a successful company with our Advantage program.
Program Features
- Every accepted invoice processed through the glass claim intermediaries Lynx Services and the SGC Network will be funded.
- Fundings are issued automatically after acceptance.
- All fundings are processed as an ACH transfer, minimizing bank assessed service fees (wire transfers are available upon request).
- Quick account setup.
- No contractual time commitment.
- Continue to fund invoices processed through alternate glass claim intermediaries at traditional rates, see the Traditional Program.
The Traditional Program
Get the same top-notch service and support when funding with our Traditional program, but keep the flexibility many shop owners need by picking and choosing which invoices need funding. When you choose our Traditional funding program, you choose peace of mind in an ever-changing industry.
Program Features
- Freedom to choose which invoices to fund with us.
- Fund claims from all major glass claim intermediaries or networks.
- Straightforward funding request process.
- Choose method of payment (ACH or wire transfers).
- Quick account setup.
- No contractual time commitment.
Terms and Rates
- Advance rates of up to 85%.
- Flexible purchase limits.
- No mandatory funding minimums.
- No monthly service fees.
