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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.What is Invoice Financing?
Up to 100% of invoices
Maximum Loan AmountUntil the invoice is paid
Loan Term4.9% - 9.9%
Interest RatesAs little as 1 day
Things to consider

PROS

CONS
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 |