Invoice Factoring Loans

Talk to a loan officer today 888.893.6828

Overview

Accounts receivable financing, or factoring, allows a business to collect cash for outstanding invoices. Ultegra Business has programs that will pay up to 90% of the value of current invoices up front, with the remainder paid upon collection.

Current invoices can provide an instant way to get cash to pay unexpected short-term expenses

How it works

Waiting for current and past-due invoices to get paid can be a huge opportunity cost for some business owners. Weeks go by while you need to purchase new equipment and inventory. Invoice financing an help solve your problems, by guaranteeing cash now for all your outstanding invoices. After connecting with an invoice financing company, they'll present an offer to purchase ownership of all your invoices for up to 85% of their value delivered to your account in cash. The remaining percentage is held in reserve, and a service fee of 3-5% is charged to this portion. Interest is charged weekly until the invoice balance is paid by your customer. After the invoice is paid, the reserve balance minus fees and interest is returned to you. There are other formats that Invoice Financing deals can take, so be sure to discuss all options with your lender. Call 1.888.893.6828 for a complimentary Business Analysis Meeting to discuss your options.

Qualifying For A Small Business Line of Credit

As long as your company has outstanding receivables, then you are likely to qualify. The total amount that you will be able to finance is based on your company's credit history as well as the quality and quantity of your accounts receivables.

  • Companies in business at least 9 months
  • $75,000+ in gross annual revenue
  • A majority owner or CFO for the company

  • 2.99% – 19.9%
  • Amount and rates are determined based on the payment history of invoiced clients
  • Fixed weekly payments
  • Electronic payments accepted
  • Automatic deduction is available on most plans
  • Monthly maintenance fee may be required (waived for 6 months if you factor $50,000 + in invoices)
  • Fee structure is contingent on industry and amount factored