Account Receivables Financing

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What is Account Receivables Financing?

Accounts Receivable Financing is a type of asset-based financing solution that allows business owners to free up unpaid receivables. Upwise advances you cash collateralized by your account receivables, giving you an excellent way to put money back into your business. With A/R financing, you can get a fast advance of about 85% of the value of your receivables.

A/R Financing Details

loan term

Based On Receivable Payment

speed

As Fast As 2 Days

Maximum loan amount

$100K-$10M

interest rates

Under 18%

Account Receivable Financing Pros vs Cons

PROS

No Need to Wait for A/R Payment from Customers

Based on Credit of the Receivable’s Business

Account Receivable is Used as Collateral

CONS

Lengthy Paperwork

A/R Must be from Reputable Companies

Fees are based on time it will take for A/R to be paid

How does Account Receivables Financing work?

When a customer owes you money and has an outstanding invoice, this is known as an account receivable. Basically, money that is owed for goods or a service already delivered to your customer.

AR Financing works by leveraging your account receivables as collateral for a loan. In simpler terms, the money that your customers owe you can be used to help you qualify for a small business loan, line credit or cash advance. 

Who Qualifies for Receivables Financing?

Any business with a business-to-business model can qualify for A/R factoring, as long as they currently have outstanding receivables.

Here’s the deal.

These lenders don’t care as much about your revenue, profitability, or time in business.

Since your account receivables will act as the loan’s collateral, lenders just want to make sure the invoices make sense for them to finance. The rest of your business isn’t too important.

The maximum amount you can qualify for depends on the total amount and quality of your invoices, as well as on your creditworthiness.

It is important to note that some accounts receivable financing lenders take a look at your credit report, too.

Account Receivables Financing Requirements

credit score

over 600+

history

positive payment history

Annual revenue

over $200K

time in business

1+ years

* Note: These account receivable financing requirements are based on previous Upwise customers and is just an average.

Stop waiting for payments. Reach out to us now and unlock your business's full potential.

Absolutely great customer service. Jim is such a professional and was able to get us funding. Thanks Jim and Upwise Capital.
Nothing But HempNothing But Hemp
20:13 08 Mar 24
Donna EssnerDonna Essner
20:45 06 Mar 24
Craig went above and beyond to get this deal done! I would highly recommend UpWise Capital if you're looking for a broker to get investors onboard.
Merideth CannMerideth Cann
02:30 21 Feb 24
Leo provided a very quick turn around and is a pleasure to work with !
Alba De La CruzAlba De La Cruz
01:16 17 Jan 24
I worked with Leo. He is very attentive and professional.
Mohamed KhanaferMohamed Khanafer
22:37 02 Nov 23
Craig made himself available all the time, he was very attentive, professional and easy to work with. Highly recommend!
Tammy SockwellTammy Sockwell
11:09 06 Oct 23
We worked with Leo for our line of credit. We are a trucking company an can be a challenge to secure financing. The process was smooth and fast... funding. Our only complaint would be that Leo was a little impatience when it came to our decision making. We are very thankful for the funding and would do business with them again. Thanks,Upwiseread more
Sharon JohnsonSharon Johnson
14:57 18 Jul 23
Leo got us a line of credit loan very quickly to help with expenses we incurred during our new business building purchase.
Mike MaffeiMike Maffei
14:40 20 Jun 23
You are always hesitant when working with a finance firm to borrow money to grow your company But, I highly recommend Upwise Capital. Lou and Marc... went out of their way to ensure everything was taken care of. Very professional in all steps taken to secure the financing I needed. I look forward to continuing the business relationship.read more
Niyetroshia ThomasNiyetroshia Thomas
15:17 06 Jun 22
I rarely write reviews, but my experience with Leo was absolutely. Leo was patient, knowledgeable, and extremely responsive. During a hectic work... week he continued to bare with me to be sure that i had all the information I was requesting. He got me the capital I needed within one day. I highly recommend this company!read more
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What does Account Receivables Financing cost?

As we’ve mentioned, invoice financing can be an expensive way to receive funding for your business. But it’s essentially the cost of having cash on hand now, instead of later.

Here’s a snapshot into what the cost structure would look like.

Financing & Fees of Accounts Receivable Financing

Let’s say you have a $100K invoice with 30-day terms.

A financing company might immediately advance you 85% of that amount—$85K—and hold $15K in reserve.

Your customer then pays that invoice 2 weeks later. After subtracting the 3% processing fee of $3K, the financing company keeps its factoring fee—1% per week, which in this example is 2% or $2K—and gives you the $10K left over.

Why is Account Receivable Factoring Worth the Cost?

You might be feeling like $5K is a steep price to pay—but that all depends on your business’s financials.

If you needed money to make payroll a week after sending out that invoice, then your accounts receivable financing fees don’t seem too bad after all.

If you have an invoice, that is NET 30, 60 or even 90 days – getting funds immediately could be well worth the cost. 

Your business’s financial situation might seriously benefit from extra cash flow—so capital right away could definitely outweigh the negative of those fees.

Apply for an Account Receivables Loan Now.

Stop waiting for payments - take advantage today!

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Name(Required)

Documents You'll Need to Apply

Driver’s License

Voided Business Check

Business Bank Statements (Last 4 Months)

Account Receivables Report for net 90 days

You may also be requested to provide the following for larger dollar amounts over $100K:

Balance Sheet

Profit & Loss Statements

Business Tax Returns

Personal Tax Returns

Manufacturing Business Loans

In the world of small business ownership, unexpected challenges are inevitable, no matter how well you plan. The ability to think on your feet and find swift solutions can make all the difference between thriving and being left behind by your competitors.

When every moment counts, our Account Receivables Financing offers a rapid response, providing you with the financing you need in as little as 24 hours. Don’t let time and opportunity slip away – act now to secure the financial support that can keep your business thriving.

Why Upwise for A/R Financing

Quick & easy application

Our simple 15-minute application gets you on your way to funding quickly. Most applicants receive a fast decision within hours of applying. Then just choose your loan terms and you could have funds deposited into your account as soon as 24 hours.

Ensure you make the wise choice

Every Upwise applicant gets a dedicated funding advisor who takes the time to understand your business and it's unique needs. We are here for your support throughout the entire funding process.

Access multiple financing options

Upwise has an extensive product suite and a network of 100+ lenders. This means you're more likely to find the best match for your funding needs.

business funding

Choose wisely!

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