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10 Best Invoice Factoring Companies in New York

This ranking covers the top 10 invoice factoring companies serving New York businesses, evaluated on product breadth, advance rates, facility size, funding speed, and state market presence. It is designed for small business owners, B2B companies, and entrepreneurs who need fast access to working capital tied to accounts receivable. Use this list to identify the right factoring partner for your industry, deal size, and cash-flow timeline.

LoanWise Editorial Team

Isometric scene of New York City office towers with small figures exchanging invoices and cash, representing business invoice factoring activity.

New York is one of the most commercially active states in the country, home to a dense concentration of B2B companies spanning manufacturing, wholesale, staffing, construction, professional services, and logistics. For businesses operating in this environment, maintaining consistent cash flow is often the difference between capturing growth opportunities and falling behind on payroll or supplier obligations. Invoice factoring has become a widely used working-capital tool precisely because it unlocks the value of outstanding receivables without requiring businesses to wait 30, 60, or 90 days for customer payment.

Invoice factoring companies purchase unpaid invoices at a discount, advancing a significant portion of the invoice value — often between 80% and 95% — to the business immediately. The factor then collects directly from the customer and remits the remaining balance, minus fees, once payment is received. For New York businesses managing high invoice volumes or navigating tight margins, this structure offers a practical alternative to traditional bank credit lines, which often come with longer approval timelines and stricter qualification requirements.

The New York market supports a wide range of factoring providers, from nationally operating platforms with deep state-specific infrastructure to locally headquartered specialists with direct knowledge of the city and regional business environment. When evaluating factoring companies for this ranking, key considerations included:

  • New York market presence — dedicated state or city coverage pages, local headquarters, and demonstrated regional activity
  • Product mix — whether the provider offers only invoice factoring or also supports purchase order financing, payroll funding, asset-based lending, and trade finance
  • Advance rates and facility sizes — the percentage of invoice value advanced upfront and the maximum credit line available
  • Funding speed — how quickly businesses can access capital after approval or setup
  • Accessibility — minimum FICO thresholds, documentation requirements, and suitability for businesses outside traditional bank credit boxes

The ten companies ranked here represent a range of approaches to invoice factoring in New York, from high-volume national factors to specialized local platforms. Whether your business is a fast-growing wholesale distributor, a staffing firm managing weekly payroll, or a construction company waiting on slow-paying clients, this list is structured to help you identify the most relevant options for your specific situation.

#1

SouthStar Capital

National factor with strong New York invoice financing presence

Founded

2008

States Served

50

Funding Speed

As little as 24 hours

Product Types

4+

SouthStar Capital stands out for New York businesses needing invoice factoring, purchase order financing, payroll funding, and asset-based lending. Its product breadth and clear state-specific activity make it a strong fit for companies seeking fast working-capital access tied to receivables.
#2

Bankers Factoring

Employee-owned factor with broad New York coverage

Founded

1995

Minimum Facility

$25,000

Maximum Facility

$10,000,000

New York Locations Mentioned

4

Bankers Factoring is highly relevant for New York invoice factoring borrowers, with statewide coverage and a product set that includes non-recourse factoring, purchase order financing, payroll funding, and invoice credit lines. Its stated range of facility sizes also makes it practical for both smaller and larger commercial borrowers.
#3

Advanced Funding Group

Fast-turn invoice factoring for New York businesses

Maximum Advance Rate

95%

Funding Time

24-72 hours

Product Types Highlighted

2

Geographic Pages Referenced

2+

Advanced Funding Group is a strong New York option for accounts-receivable financing, especially for businesses prioritizing high advance rates and quick funding. Its state and city-specific pages indicate active market coverage and a direct focus on invoice factoring.
4
#4

Viva Capital Funding

Large credit lines and fast approvals for factoring

Maximum Credit Line

$15,000,000

Maximum Advance

100% minus fees

Approval Time

As little as 8 hours

Starting Rate

0.25%

Viva Capital Funding is attractive for New York companies needing sizable factoring capacity, with credit lines up to $15 million and rapid underwriting. It is especially useful for firms that want high potential advance levels and complementary working-capital solutions.
5
#5

ICG Funding

Same-day funding potential for qualified invoice borrowers

Advance Rate

85%-95%

Maximum Facility

$2,000,000

Minimum FICO

500

Funding Speed

Same day after setup

ICG Funding offers a focused invoice factoring solution for New York B2B companies, with strong advance rates, a clear facility ceiling, and same-day funding after setup for eligible borrowers. It is a practical option for businesses needing speed and transparent minimum credit guidance.
6
#6

1st Commercial Credit

Simplified underwriting for smaller New York factoring needs

Funding Time

3-5 days

Upfront Setup Fees

None stated

Financial Statements Required

No

Process Steps Highlighted

3

1st Commercial Credit is well suited to New York businesses that want a simpler path to invoice factoring, with limited documentation requirements and quick funding. Its local New York market pages suggest active outreach and relevance for smaller or credit-challenged companies.
7
#7

Capstone Capital Group

New York-based trade and factoring finance specialist

Headquarters

New York City

Core Product Types

3+

Trade Scope

Domestic and International

Target Verticals Mentioned

3

Capstone Capital Group benefits from its New York base and specialization in factoring, purchase order financing, and trade finance. It is a noteworthy choice for construction, service, and wholesale businesses needing receivables-driven working capital with trade-oriented complexity.
8
#8

Commercial Funding Inc.

Receivables and asset-based lender for turnaround situations

Core Product Types

3

Funding Speed

Within days

Special Situations Product

DIP Financing

Collateral Types Mentioned

Receivables-based

Commercial Funding Inc. is relevant for New York borrowers that need invoice factoring alongside broader structured finance tools such as asset-based lending and debtor-in-possession financing. That wider toolkit can help companies with more complex capital needs.
9
#9

Factor King

Direct commercial factor for B2B receivables financing

Maximum Facility

Approximately $10,000,000

Primary Asset

B2B Receivables

Business Model

Direct Funder

Core Product Types

1-2

Factor King is a focused commercial invoice factoring provider for businesses with B2B receivables, including larger facilities near the $10 million level. Its narrower specialization can appeal to borrowers who want a direct factoring-centric relationship rather than broader banking products.
10
#10

Coral Capital Solutions

SMB-focused receivables and asset-based finance platform

Target Business Size

Small and Midsize

Core Product Types

4

Collateral Types Mentioned

Receivables and Inventory

Funding Categories

Invoice and PO finance

Coral Capital Solutions is a viable New York option for small and midsize businesses needing invoice factoring, purchase-order funding, and asset-based loans against receivables and inventory. Its broader collateral flexibility may help borrowers with mixed working-capital needs.

●Conclusion

Choosing the right invoice factoring company in New York requires more than comparing headline advance rates. The factors that matter most will depend on your business model, average invoice size, customer payment cycles, and how much working capital you need to sustain or scale operations. A provider that is ideal for a mid-market staffing firm billing several million dollars per year may be a poor fit for a smaller trade contractor with intermittent receivables volumes.

Start by clarifying your facility requirements. Some providers on this list cap facilities well below the needs of larger commercial borrowers, while others can accommodate credit lines well into the eight-figure range. If your receivables volume is expected to grow significantly, it is worth choosing a factoring partner whose maximum facility size leaves room for that growth without requiring you to switch providers mid-cycle.

Funding speed is another critical variable. Most factoring companies offer initial funding within a few days of onboarding, with same-day or next-day availability once the relationship is established. If your business routinely faces payroll deadlines or time-sensitive supplier payments, prioritize providers with clearly stated post-setup funding timelines rather than those that only advertise approval speed.

Pay close attention to recourse versus non-recourse structures. In a recourse factoring arrangement, your business remains liable if a customer fails to pay. Non-recourse factoring shifts that credit risk to the factor, which may be more protective for businesses working with a diverse or less creditworthy customer base — though it typically comes at a higher cost. Make sure you understand which structure a provider offers before committing.

Finally, compare the full cost of factoring, not just the stated rate. Factoring fees are often expressed as a percentage of invoice value per period, and the effective annual cost can vary significantly depending on how quickly your customers pay. Request a clear fee schedule, ask about any ancillary charges such as wire fees, termination fees, or monthly minimums, and model the total cost against your expected receivables cycle. Comparing two or three providers on these dimensions — rather than rate alone — will put you in a much stronger position to select the right factoring partner for your New York business.

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