
Invest in your business with these dump truck loans
Dump trucks are a key, critical tool from industries like infrastructure all the way to construction—and that’s just the tip of the iceberg.
Improve your cash flow now by turning unpaid invoices today into capital you can use tomorrow.
Fuel your business growth
Unpaid invoices disturbing your cash flow? Turn them into capital in as little as 48 hours with invoice factoring with our small business loans company.
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To our loan experts, your business’s value isn’t defined solely by your credit score and P&L. We’ll look at your overall health and potential to forge a partnership instead of a mere transaction.
Get the financing you need to grow
Convert pending invoices into upfront cash easily. Invoice factoring doesn’t just unlock capital when you need it, it gives you the flexibility to use it as you need:
Never wait months for payments again
Rather than waiting 30 to 120 days for your customers to pay you, invoice factoring provides you with a fast business loan in as little as one business day.
How does invoice factoring work?
And how can it help you maintain a stable cash flow and protect your annual revenue?
Have a question about how this works? Our loan experts are happy to help.
Funds that allow you to grow
We don’t just see you as a P&L, we see the potential behind your business. Get business financing that lets you grow, not owe:
Click “Get Started” and enter some basic business information to pre-qualify.
We’ll review your application in as little as one day and reach out to you with the best financing options, be it invoice factoring or another lending option.
If approved, you can get the entire amount deposited directly into your account on the same day.
Is factoring right for your business? Factoring is ideal for businesses that regularly have outstanding invoices and experience cash flow issues as a result.
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We’ll give you upfront answers and upfront capital so you can get back to doing what you want to—growing your business.
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Factoring is a form of financing that allows business owners to get advance cash on their invoices before they’re paid. This type of financing is not based primarily on the credit of the business owner. Instead, it is based on the credit-worthiness of the client to whom you’ve issued an invoice. Keep in mind, if you’re doing business with individuals as opposed to other companies, the chances of being able to factor invoices is seriously hampered.
To factor an invoice is to sell it to a lender in return for a discounted cash advance. The lender then collects the unpaid invoice from your customers on your behalf.
Unlike a traditional loan, invoice factoring allows you to access funding without taking on the burden of periodic fixed payments associated.
Invoice factoring and loans are two different types of financing. Unlike a traditional bank or business loan, factoring allows you to release untapped working capital from your accounts receivable to instantly improve your cash flow.
Invoice factoring is when a business sells its unpaid invoices to a third party, after which that third party (the factoring company) then controls the sales ledger and collects the debts.
Invoice discounting also allows you to draw money against your invoices, but in this case, your business maintains control over the administration of your sales ledger.
The main difference between invoice factoring and invoice financing is which party is responsible for collecting the unpaid invoices.
Invoice factoring: the factoring company purchases the unpaid invoices and takes over the collections process
Invoice factoring: While it may be helpful to have the lender collect unpaid invoices on your behalf, understand that you will have less control over the collections process and that your clients may become aware of your cash flow shortages, which could affect your customer service reputation.
Invoice financing (also called accounts receivable financing): the customer retains full control of collections, not the financing company.
There are two main types of invoice factoring: recourse and non-recourse factoring.
Recourse factoring is the most common type of invoice factoring in the United States. It involves an agreement between businesses and invoice factoring companies (“factors”) that, in the event that the businesses’ customers do not pay their invoices, the businesses themselves will be responsible for compensating the factors.
With non-recourse factoring, the factors assume all of the risks; even if customers fail to pay, the business owners do not owe anything to the factors.
The fees depend on a variety of factors, such as the creditworthiness of your business and your clients, the number of invoices you plan on submitting for financing, and even the type of industry your business is in.
A typical factoring fee is, however, between 0.05% and 4%. Additional fees can include:
Monthly minimum fees
If a business produces less than ideal results after a credit check, factors may require that business to commit to submitting a minimum monthly invoicing amount or charge additional fees.
Maintenance fees
Many factoring companies charge businesses a (usually monthly) fee to keep their accounts running and open.
Termination fees
If a business owner signs a long-term contract and desires to terminate their invoice factoring agreement, there may be cancellation or termination fees, which will typically run a business a small percentage of their credit line.
Due diligence fees
Sometimes, a factor will check into the reliability of a business’ clients beyond face value (e.g., the clients’ creditworthiness, whether they have any liens against them, etc.). Each time the factor performs this check, it may charge the business a due diligence fee, which typically ranges in cost from a few hundred dollars to several thousand.
Apply now and receive approval in as little as one business day.
Dump trucks are a key, critical tool from industries like infrastructure all the way to construction—and that’s just the tip of the iceberg.
Whether it’s an unexpected equipment breakdown, a golden opportunity to stock up on inventory at a discount, or a sudden market shift, there are moments when waiting weeks for traditional financing just won’t cut it. Enter same-day* business loans, the financial lifeline for modern enterprises.
Being a part of the entertainment industry can have its highs and lows because as a business owner, you are always looking for the next best way to keep your patrons happy and amused.
*Some products are made available through Credibly’s network of external funding partners
**Rates are included in your daily payback quote to simplify repayments and account monitoring. Rates, pricing, requirements and other terms and conditions subject to change without notice.