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Invoice Financing

What is Invoice Financing?

Invoice financing—often called accounts receivable financing—allows business owners to finance outstanding invoices. Invoice financing companies advance you cash collateralized by your unpaid invoices, giving you an excellent way to put money back into your business. With invoice financing, you can get a fast advance of about 85% of the value of your invoices, with most of the other 15% paid to you later.

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Up to 100% of invoices

Maximum Loan Amount

Until the invoice is paid

Loan Term

4.9% - 9.9%

Interest Rates

As little as 1 day

Speed

Things to consider

PROS

No need to wait for invoice payment
Invoices serve as collateral
Reasonable interest rates
Based on credit of the invoiced business

CONS

Must be in business at least 1 year
Must make at least $25,000 a year

Most customers who were approved had

Annual Revenue

Over $25K

Credit Score

550

Time in Business

Over 1 year

Compared to other loan types

Loan Types	Max Amount	Interest Rate	Speed
SBA Loan	$5K - $5M	Starting at 6.75%	As fast as 3 weeks
Commercial Lending	$25K to $5M	7% - 30%	As fast as 2 days
Invoice Financing	Up to 100% of invoice value	8% - 30%	As little as 1 day
Line of Credit	$10K to over $1M	7% - 25%	As little as 1 day
Merchant Cash Advance	$2.5K - $500K	1.14 - 1.49	As little as 1 day
Business Credit Card	$500 - $250K	0% - 25%	As fast as 7 days