Invoice Factoring

Factoring Facility: $100,000-$4,000,000+ | Advance Rates: Up to 90% of A/R

To speak with an invoice factoring expert, call (800) 200-1208.

Industries We Proudly Serve

Manufacturing

Manufacturing

We provide invoice factoring for companies that build things. If you can make it, we can fund it.

Freight and Trucking

Whether your company has a big fleet or just one truck, Summit can deliver invoice factoring faster.

Professional Services

From consultants to staffing to oilfield services, we offer invoice factoring for all types of professional businesses.

Distributors and Wholesalers

Our invoice factoring can allow you to get your product from Point A to Point B.

WORKING CAPITAL THAT WORKS

Our core product, Invoice Factoring, uses your company’s receivables as collateral, letting you harness the latent cash flow in your unpaid invoices. We often provide up to 90% advance rates on those invoices, giving you the cash flow to keep your business in play. When working capital is tight, Invoice Factoring can be a key part of your ongoing cash flow strategy. Summit can provide invoice factoring for up to 90% against your invoices, making it easier to pay suppliers, take on new orders, and make payroll.

INVOICE FACTORING HIGHLIGHTS

  • Uses receivables as collateral
  • Up to 90% advance rates
  • Immediate cash flow

What Is Invoice Factoring?

How Does Invoice Factoring Work?

Invoice factoring creates cash flow from unpaid customer receivables. With invoice factoring, a business can access their unpaid invoices at a discounted rate to keep cash flowing to their bank account. Also known as accounts receivable factoring, invoice factoring is best for business owners who have customers that do not pay for their goods or services immediately, in industries like manufacturing and service where they are selling customers a tangible, completed good or service.

QUALIFYING FOR INVOICE FACTORING

Businesses that invoice customers for goods and services that can be verified as “completed” are ideal candidates for invoice factoring. Another key element for qualification is good credit, including a clean financial and tax background. If your business covers these qualifications, then you may be well on your way to get the cash flow your company needs from invoice factoring!

APPLY FOR INVOICE FACTORING TODAY!

Many lenders and banking institutions will require you to fill out difficult paperwork to get the cash flow you need for your business. Summit Financial Resources team members are experts at making the process as simple as possible, so you can get the invoice factoring that will help your company grow. Apply online today >

STEP 1 – INVOICES INTO CASH

Your business has outstanding B2B invoices from creditworthy customers, and you need increased cash flow now.

STEP 2 – CASH IMMEDIATELY

Once your business invoices are verified, Summit Financial Resources typically wires 80-90% of your qualifying open invoices.

STEP 3 – REPEAT

Repeat when you have new invoices for unlimited working capital so your business has the cash it needs to grow!

 Invoice FactoringAsset-Based Loans (ABL)Inventory FinancingEquipment Term LoanSmall Business LoanStretch Financing
DescriptionReceivables PurchaseBorrowing Base CertificateAdd-on onlyAdd-on onlyRevolving Loan,
Ledgered Collateral
Structured Stretch Piece for
Growth; Add-on only
Facility Limits$100M - $4MM$1M - $4MMUp To $1MMUp To $1MM$200M<$250M
Risk ProfileHigher, with Underwritten
Collateral & Controls
Lower, Strong Reporting
and Management
Higher with Underwritten ExitHigher, Short-term with
Underwritten Exit
Higher, less restrictive with
standardized pricing and controls
Higher, Short-term with
Underwritten Exit
Pricing ComponentsCollateral Mgmt/Admin
Fee + Interest
Interest + Various FeesInterest + Admin FeeInterest + Admin FeeAdmin Fee + Interest /
Collateral Management Fee
Flat, Monthly Discount Fee
Advance RatesUp to 90% of A/RUp to 85% of A/RUp to 50% of Inventory CostUp to 60% of NOLV or 40%
of Book Value
Up To 100% of A/Rn/a

How Invoice Factoring Compares

Financing Guidelines

Take a look at our offerings, and see how we can help. We offer companies Invoice Factoring loans from the low 6 figures to 7 figures, plus. From higher reporting to lower risk, and borrowing base to invoice factoring purchase, somewhere on that chart is a cash flow solution for your business.

Asset-Based Lending comparison - Summit Financial Resources

You need to grow?
Summit can help.

Your small business payroll is due tomorrow, but your biggest customer has outstanding invoices. A vendor tells you he will give you a cash discount, but you don’t have the extra cash to take advantage of that discount. Is your business falling behind because your clients are falling behind? Do late payments cause you to miss out on product launches, supplier discounts, and bigger orders? Do you need to smooth out your company’s cash flow in order to remain competitive?