Small Biz Heroes

A/R Based Financing

If you’re a business owner, chances are you’ve been in the situation where people owe money to your company. Don’t let this stress keep you up at night — there’s an easy and effective solution for that! Accounts receivable financing can help get cash quickly by selling off purchase orders or overdue invoices so they don’t hold back operations while waiting on payments. Factor rates are low with ARF, which is great news too because collecting debts from customers takes time away from other important tasks: like growing your business even more!

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AMOUNT

$10k – $5M

Term Length

1 – 24 months

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Payment Frecuency

Variable

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% of Invoice

Up to 90%

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Closing Time Frame

Less than 1 week

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Credit Pull

Soft

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Fees

.05% – 3.5% per invoice

BENEFITS

Funds avalible upon receipt of invoice

Access to a revolving line

Funding inside of one week

Ability to grow with your business

Who Qualifies For A/R Financing?

A/R Factoring is a loan option for any business with outstanding invoices. A lender doesn’t look at your revenue or profitability, but instead wants to make sure the invoice makes sense for them financially in order to lend money against it as collateral. The maximum amount you can qualify for depends on how much and what quality of accounts receivable are available — which could be just about anything!

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How It Works

How to get your company started and approved for A/R Factoring:

Invoices

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.

Documents You Need

Before applying for any type of loan, be sure that you have all necessary documents available. This will allow your application process to go much more smoothly and quickly.

Basic credit application

Government Issued photo ID

Business Financial Statement

Business Tax Returns

Accounts Recievable Aging Report

BORROWER CRITERIA

Time in Business

Required: 6 Months

Preferred: 24 Months

FICO

Required: 550

Preferred: 660

Monthly Revenues

Required: $10K

Preferred: $25K

Entity Structure

Required: N/A

Preferred: LLC / Corporate

Let’s Get You Funded

We help your business grow and can even secure start up funding.

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What do you qualify for?

Getting the right business loan is a lot easier than you think. We help you identify exactly what you qualify for and what program is going to be the best fit to suite your specific needs. See what you qualify for today completely risk free!

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**Secure E-Sign Application - Applying won't impact your credit score.

approvals@smallbizheroesllc.com