Accounts Receivable Financing for Your Business
The success of your business comes with unique challenges and obstacles. We understand that capital constraints and
other issues can make obtaining traditional bank financing difficult. Seasonal cash flow, the need for quick inventory funding, and long receivable cycles can add to the day-to-day stress of running your business.
other issues can make obtaining traditional bank financing difficult. Seasonal cash flow, the need for quick inventory funding, and long receivable cycles can add to the day-to-day stress of running your business.
Accounts receivable financing may be an option to help you achieve your biggest goals. Our experienced business development officers can advise you on the best options to infuse cash flow into your daily operations against your account receivables.
Businesses Served
- Staffing
- Manufacturing
- Government Contractors
- Small Businesses
- Transportation
- Wholesalers
- Business Servicing
- Start-Ups
- Distributors
- Oil Field Services
Quick Cash Advances on Unpaid Invoices
- High advance with low competitive rate
- 24-hour funding with ACH or wire transfer
- Personal Account Manager assigned to your account
- 24/7 account access
Leverage Your Accounts Receivable
Accounts receivable financing is a powerful tool for businesses seeking reliable cash flow solutions. By leveraging your accounts receivable, you can focus on growing your business with:
- Improved Cash Flow: You get immediate access to funds instead of waiting weeks or months for customer payments.
- Efficient Payroll: You can ensure employees are paid on time, keeping operations running smoothly.
- No Debt: Accounts receivable financing is not a loan, so it won’t add debt to your balance sheet.
- Streamlined Operations: We handle collections, freeing you up to focus on other priorities.
- Flexible Financing: Funding grows as your business grows since it’s tied to your invoiced sales.
How does factoring work?
1. Invoice Creation: You provide goods or services to your customer and issue an invoice with payment terms, often 30, 60, or 90 days.
2. Invoice Submission: Instead of waiting for payment, you submit the unpaid invoice to First Bank & Trust.
3. Invoice Verification: First Bank & Trust verifies the invoice.
4. Working Capital is Advanced: Once the invoice is verified, First Bank & Trust will advance you 70%–90% of the total invoice. You’ll have cash in your account so you can take care of your day-to-day operations or get started on your next project.
5. Collection: First Bank & Trust Takes over the responsibility of collecting payment from your customer.
6. Final Payment: Once the customer pays the invoice, we’ll advance the remaining balance, minus service fees.
This process ensures you have the cash flow needed to keep your business moving forward.
Contact Us Today to Learn More!
Whether you're expanding operations, investing in new equipment, or navigating seasonal cash flow, we’re committed to helping you find the right commercial financing solution. Our team is here to guide you through every step with personalized support and flexible options tailored to your goals.