Accounts Receivable Financing

Account Receivable financing is designed for companies that have outstanding account receivables that can be converted to immediate cash at a discount. Many businesses must wait weeks or months to get paid on products sold at extended terms to businesses, where they may need to wait for 30, 60 or 90 days to get paid. This can create cash-flow issues or impact working capital until their customers pay the bill for goods or services provided. 

Our lenders  can finance companies that are start-ups, losing money, or in bankruptcy because accounts receivable financing is based on your customer’s credit, not your own credit.

Using our Accounts Receivable Financing program, you can get money in as little as 24 hours once your receivables have been approved. Our lenders will advance you up to 85% of your existing account receivables. When the receivables are paid, your advance gets paid off, and you get the balance of the advance, less the factoring fees. This type of financing is more similar to a Merchant or Business Cash Advance as opposed to a loan, as instead of an interest rate, there is what is known as a “factor” or discount rate. Receivables financing is a great way to significantly ease their cash flow restraints and build an even more profitable business. Medical and construction receivables can also qualify for this financing program with us.