Manufacturing Factoring & The CHIPS Act

Invoice financing for manufacturers uses unpaid invoices as collateral to access immediate cash flow. You submit your outstanding invoices to a factoring company, which gives you an advance on the value of your unpaid invoices. You put your money to work immediately while the factoring company works with your customer to settle the invoice according to the original payment terms.

CHIPS Act funding is a real opportunity for smaller companies in the tech sector to grow as they contribute to national security and America’s position as a leader in the semiconductor market. As funding is expected to conclude by the end of the calendar year, applicants need to move quickly.