Invoice Factoring & Accounts Receivable is another excellent form of funding for businesses and can even fall under the category of asset-based financing. Most businesses aren't even aware this option exists as an alternative to traditional bank financing and can easily turn into a never-ending gold mine for those that do!
The majority of business owners who use this financing product with our preferred lenders end up continuing their services for years on end, developing long-term relationships, while continuously reaping the benefits of consistent reliability that this funding resource brings to their bottom line and overall business performance.
This financing product differentiates itself from other forms of working capital in the following way. Invoice Factoring/Accounts Receivable are for those businesses who have unpaid customer invoices that can't wait the 30, 60, 90, 120 days to be paid by their clients. Employees still have to be paid, overhead & operating expenses continue piling up, inventory needs to be purchased, and new projects, contracts, and opportunities arise that you can't risk missing out on for further growth, profit, and expansion.
The great news is, you can use those invoices to get the cash and working capital you need now! This form of financing is best for businesses with unpaid invoices that need fast funding and which is easier to get approved for compared to other similar options. Has to be Business to Business or Business to Government Accounts. We even have programs that offer Non-Recourse & Credit Protection making our lenders leaders in the industry providing the best services available.
Qualification is easy as you don't need financials or good credit to get approved. Our lenders look at the creditworthiness of the businesses that are your clients and ensure they have a good history of paying their debts to you and are reliable. We will review your accounts receivable or purchase orders, and if all goes well you can be funded in as little as 24 hours!
Fairly Simple & Easy Approval
Your Credit & Business is not evaluated, your customer/client's business & credit is used for qualification.
Cost of borrowing can be more.
Businesses that have high and consistent sales and bank deposits.
Businesses that need financing right away.
Our 3 Step Process:
Fill out our Quick Apply application.
2. We review your application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
3. Receive funding
Choose the program that fits you best and receive funding within 48 hours.