Accounts Receivable Lines of Credit
If your business does not carry inventory, then a receivable-based A/R revolving line of credit is ideal to maximize your cash flow and increase revenues.
This asset based line of credit allows you to borrow 85-90% of your accounts receivable that are less than 90 days old. This is not a factoring line that requires you to sell receivables to a third party. Instead, you maintain invoicing and collection calls in-house. Asset based lines of credit are far less expensive than factoring. Annual interest rates start at 6% versus factoring, which usually requires a 20% or more annual interest rate.
- 85%-90% advance rates
- Options with no notification to your customers
- International A/R lending
- Medical A/R lending
- Fast Approvals
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