AR Financing
AR financing is based on a percentage of a company's account receivables, which are outstanding invoices from customers that
have not yet been paid.
What Is Accounts Receivables 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.
How Does Accounts Receivable Financing Work?
Accounts receivable financing uses your outstanding invoices as a form of collateral to help you obtain financing or an advance for your business. But unlike factoring, you do not sell your invoices to a third party. You will continue to remain responsible for collecting on your outstanding invoices while making payments towards your loan.
What Do You Need To Qualify?
Aging AR Report Required
In order to qualify for AR financing, you must submit an aging AR report.
$500,000+ Annual Gross Sales
The minimum revenue to qualify for AR Financing is $500,000+ in annual gross sales.
No Minimum FICO
We have financing options for all credit profiles. There is no minimum FICO score required to apply.