Collateral Required: Account receivables
Line Amounts: $5,000-$20 million
Term: Up to 80% of receivables can be advanced within 24 hours, 20% minus lender’s fee is released once actual invoice is paid
Rate: 1.25-3% discount
Credit Requirements: No credit score requirements to qualify
Details: Receivables must come from another business or government agency not an individual, business must be open for at least 1 year to qualify, medical receivables can qualify along with construction and conventional receivables
Deal Submission requirements: Application, breakdown of existing receivables, sample invoice