Invoice Financing

Invoice Financing is when a company sells their unpaid invoices to another company for a lump sum payout at a discount. It is a great option when a business needs to improve cash flow, pay employees and suppliers or reinvest in operations and growth earlier than the time it would take for their customers to pay them. It is also a great option when there is difficulty in obtaining other forms of business credit in a timely fashion. Invoice financing works when a company has accounts receivable that they sell to a lender for a fee as a cost of borrowing the money. The invoice financing will pay an advance amount of approximately 50 to 90% of the total invoice amount. We have outlined what is required to be approved for invoice financing in as little as 1 business day. If you have any other questions please don’t hesitate to contact one of our friendly and knowledgeable Funding Managers.

You will need the following Documentation to Apply

• Bank Statements
• Credit Score
• Completed Application
• Outstanding Invoices
• Driver’s License
• Voided Business Check

What you will need to Qualify

• 1+ year in business
• 650+ credit score
• $15,000 + in monthly revenue

SBA products typically have a longer turnaround time for funding, so if you would like to go this route, please be conscious of your deadline in which you need the funding. SBA offers competitive rates and terms, and you can virtually use the funds for any purpose. However the paperwork is lengthy, credit needs to be 680 plus and this type of financing may require collateral.

You will need the following documents to apply for this type of financing:

• Business and personal returns
• Financials (P&L, balance sheet, income statement)
• Business plan and debt schedule
• Photo identification and void check

What you will need to Qualify

• 1+ year in business
• 650+ credit score
• $15,000 + in monthly revenue

If you think that this type of financing might be for you, go ahead and click on the apply now link and start the process. Complete the application form and submit initial bank statement documents. If you are a candidate for this type of financing, you will be advised shortly after submitting your information.