Small Biz Heroes
A/R Based Financing
Max Amount Advanced
$10K – $10 Million
TIME FOR APPROVAL
As Little As 1 Day
How It Works
How to get your company started and approved for A/R Factoring:
Send invoices paid Net15, Net30, Net90 terms and have customers with a positive history of paying invoices and have reputable customers.
Time in business
No minimum time in business required as long as you have invoices we can get you paid on them within 24 hours.
Information for creditworthiness
You must know the legal name, addresses, and phone numbers of all clients to access creditworthiness.
Who Qualifies For A/R Financing?
Documents You Need
We want to see your successful business in action, so provide us with 6 months of bank statements for a better picture. If you can send more than six months, that may be helpful as well.
A/R Aging Report:
In this case, we will need to see the aging of your account receivables. An Accounts Receivable Aging report is a simple report listing all of the money your company is or will be owed for services rendered. This will show us what we will be paying you.
This way if you default on a payment in three months time, it is easy for us to figure out what needs to be paid off first and work backwards from there.
Profit and Loss Statement:
A Profit and Loss Statement is a measure of how well your company has performed in the past year. It lists every revenue made, as well as any expenses that were incurred over this time period.
Driver’s License and Voided Check:
We ask for these to make sure your information is correct on all documents.
List of your clients businesses names and their corporate address. This way we can make sure they have a good history of paying their service providers. This protects you from clients that haven’t paid their invoices in the past!