WORKING CAPITAL THAT WORKS
SLR Business Credit’s Invoice Factoring product uses your company’s receivables as collateral, letting you harness the latent cash flow in your unpaid invoices. We give you the cash flow to keep your business in play, and when working capital is tight, Invoice Factoring can be a key part of your ongoing cash flow strategy. SLR Business Credit can provide invoice factoring against your accounts receivable financing, coupled with financing for inventory, equipment, and even commercial real estate assets — making it easier to pay suppliers, take on new orders, and make payroll.
INVOICE FACTORING HIGHLIGHTS
- Uses receivables as collateral
- Allows for a custom asset mix of receivables, inventory, equipment, and commercial real estate
- Immediate cash flow
SLR Business Credit moves quickly, with confidence, to provide your financing. We lend on a custom mix of assets, without regulatory restrictions, to meet your cash flow needs today.
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!
learn more about 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. SLR Business Credit 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.
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, SLR Business Credit 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!
We always worked with commercial banks and never had an issue, but we found ourselves in a situation where we were looking for a real solid ABL facility and we became aware of North Mill Capital. We made an appointment to come down and talk with them and from that day forward it’s been an excellent relationship.
I can’t speak more highly of their team. Whenever we had a need, North Mill stepped up. Whatever request we had to make our lives easier from a borrowing capacity perspective, the team stepped up. Everything they’ve said, whatever they’ve committed to us, they delivered.
What I like about North Mill is that everyone there knows who you are and what you are trying to accomplish. North Mill Capital has always been very responsive and has always been there for us when we needed them, and I think that’s critical.
Our experience with North Mill Capital has been fantastic.
They have been very responsive and understanding of our needs as a growing business.
Our partnership will allow us to take our business to the next level.
Everyone at North Mill has been professional, courteous, and a pleasure to work with.