ACCOUNTS RECEIVABLE FINANCING
Accounts receivable financing is when a company will sell or finance off their outstanding invoices for working capital. It can either be in the form of selling the asset to the lender or using the accounts receivable (invoices) as collateral for the loan.
*Special Program available to doctors and medical professionals based on insurance receivables.
BENEFITS
- Typically lower interest rates
- Doesn't require other collateral
- Ability to factor new AR as they become available
- Saves time for collecting your receivables
- Opens up cash flow
QUALIFICATIONS
- No minimum FICO score
- Aging report required
- $500,000 annual gross sales
LOAN AMOUNTS:
$10,000 - $5 Million
TERMS: 6 Months - 10 Years
FUNDING:
1 - 5 Days