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



We factor invoices for companies that build things. If you can make it, we can fund it.

Freight and Trucking

Whether you have a big fleet or just one truck, Summit can factor your invoices faster.

Professional Services

From consultants to staffing to oilfield services, we factor invoices for all types of professional firms.

Distributors and Wholesalers

We’ll factor your invoices faster, so you can get your product from Point A to Point B.


Our core product, Invoice Factoring uses your receivables as collateral, letting you harness the latent cash in your unpaid invoices. We often provide up to 90% advance rates on those invoices, giving you the capital 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 loan up to 90% against your invoices, making it easier to pay suppliers, take on new orders, and make payroll.


  • 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 invoices. 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 a tangible, completed good or service.


Businesses that invoice for goods and services that can be verified as “completed” are ideal candidates for 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 your company needs from invoice factoring!


Many lenders and banking institutions will require you to fill out difficult paperwork to get the cash 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 cash solutions that will help your company grow. Apply online today >


You have outstanding B2B invoices from creditworthy customers, and you need cash now.


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


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 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 loan for your company.

Asset-Based Lending comparison - Summit Financial Resources

You need to grow?
Summit can help.

Your small business payroll is due tomorrow, but your biggest client has outstanding invoices. A vendor tells you he will give you a cash discount, but you don’t have the extra money to take advantage of that discount. Are you 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 cash flow in order to remain competitive?