Highlights

Amount

Up to 90% cash advance on unpaid invoices
Payment Frequency

30 to 60 Days
Transaction Fee

Invoice financing company collects unpaid invoices on behalf of client, and returns the cash less a 1.5% to 3.0% fee.

1.5% – 3.0%
Time To Fund

Expedited loan application process with minimal documents.

2 – 5 Business Days
Other Requirements

No Collateral Required

Learn the Good & the Ugly

PROS

Flexible credit standards with FICO requirements starting at 580
Short application with quick approval turnaround
Minimal paperwork requirements

CONS

Potential for high transaction fees

See What you need to qualify

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Outstanding accountable receivables from commercial clients

FICO above 580

Accounts receivable aging report

Year to Date Financial Statements (Preferred)