Invoice/Receivables Financing

The money you need to cover day-to-day expenses until the customer pays.

Benefits of a SmartCap Invoice/Receivables Financing

Are you suffering from lengthy payment cycles in your business? Are you frequently waiting weeks or even months for your clients to pay you, which hurts your profitability and puts a burden on your cash flow? If so, you might want to think about using SmartCap’s quick and simple invoice/receivables financing to shorten your payment cycle.

Rapid approvals

Within 2 hours!

Rapid payment

Get the money you’re due in a matter of days.

No need for a personal guarantee

Financing ranges from $10,000 to $10,000,000.

Stop pursuing your customers

When you use invoice/receivables financing, the lender is in charge of obtaining payment from your client.

Simple requirements

The creditworthiness of your customers determines whether you’ll be approved rather than your credit history or cash flow.

How It Works

Invoice/Receivables Financing from SmartCap allows you to sell your unpaid invoices to a third-party entity known as an accounts receivable “factor” at a reduced price (often 85% to 90% of the invoice).

 

Your customer’s payment is secured by the factor, who then pays you the balance outstanding minus a factoring fee. With this method, you typically receive payment in a matter of days as opposed to weeks or months, drastically shortening your payment cycle.

Do I qualify for invoice/receivables financing?

You can acquire invoice/receivables financing from SmartCap even if you have a spotty credit history or weak cash flow, which is a huge benefit. Instead, the factor will consider your customer’s capacity to make payments in a timely manner.

If you spend a lot of time pursuing your consumers for payment, this is the financing option to take into account. You and your team may be using this time more effectively to increase sales and expand your business.

Although there is a price associated with the service, it avoids the harm that late-paying customers cause to your business’s revenue. Consider how much better off you would be if you received your paycheck a few weeks sooner if, for instance, all of your monthly obligations were due at the end of the month. Every transaction becomes more lucrative, and you have the freedom to pay for unplanned expenses.