How does invoice financing work?
First, steps is to apply for invoice financing. Finally, there is a solution that is easier than factoring. Compared to factoring we don’t underwrite your customers. At last, there is a solution that is more simple for your business. In fact, this is all you need to apply.
Fill out our online application or PDF application
Submit the last 4 months of bank statements
Send us the invoices you want to get paid on
Your accounts receivables ledger
A copy of a contract with your customers
Voided check for the company
Business Utility Bill
Copy of your Driver’s License or ID
Preferably, we look for invoices that are $15,000 or greater. Also, since we don’t contact your customers we prefer to work with customers that are well established. In general, if you sell to Walmart, Groupon, Walgreens, major retailers, and fortune 500 companies we will approve you fast. To conclude, average credit lines allow you to borrow up to 90% of the value of your eligible receivables. Also, we can lend as much as $5,000,000 against invoices.