Nexus Business Funding

Invoice Factoring

Accounts Receivable Financing, Invoice Factoring & AR Lines of Credit

Accounts receivable financing, commonly referred to as “invoice factoring” is an arrangement where businesses can exchange future client payments for immediate cash. The company sells unpaid invoices to a third-party financial institution – an invoice factoring company. The third-party purchases the invoice(s) at a discounted rate and the business receives the funds up-front. Instead of waiting for a customer or client to pay the invoice, they get the cash much sooner, usually within 1-2 days. This provides them with an injection of capital which can be used to pay for operational costs and overhead like rent, utilities, and payroll expenses.
Minimum Qualifications
  • 6 months Time in Business
  • 550 Fico score
  • $50,000 a month in revenue
What You Need
  • Application
  •  AR aging report
  • Copy of Invoices to be factored
Factoring Guidelines
  • Approvals from $25,000 to $10,000,000
  • Invoices up to 90 day terms
  • Rates as low at 1% per month
  • Spot, Seasonal and Contract terms
  • Funding in as little as 5-7 business days

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