What is Account 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.
How to Apply for AR Financing
About
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 cashflow
Qualification
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
What is an SBA 504 loan?
The SBA 504 loan primarily intends businesses to purchase real estate, machinery, or other fixed assets. It promotes economic development and job creation by offering businesses long-term, fixed-rate financing. This program is especially beneficial for businesses looking to: