top of page
Is your business a victim of the long payment cycle? Constantly having to wait weeks, or even months, just to get paid by your customers, leading to having reduced profitability and a strained cash flow? If so, you might want to consider reducing your payment cycle with the quick and easy Invoice/Receivables Financing from CornerStone Finance.
Fast Approvals
In as little as 2 hours!
Advantages of a CornerStone Finance Credit Card Cash Advance
Paid Faster
Get the funds you're owed in just a few days, instead of weeks or months.
No Chasing Customers
With Invoice/Receivables Financing, the lender takes on the responsibility of collecting the payment from your client.
Easy Qualification
Approval is not based on your credit history or cash flow, but on your customer's creditworthiness.
No Personal Guarantee Required
Funding amounts from $10,000 to $10 million
How it Works
With Invoice/Receivables Financing from CornerStone Finance, we connect you with a third-party company known as an accounts receivable "factor." You are then able to sell your unpaid invoices to the factor at a discounted rate (generally, 85% to 90% of the invoice).
This factor takes on the task of securing payment from your customer, then pays you the amount owed minus a factoring fee. This process greatly reduces your payment cycle – usually you get paid in just a few days rather than weeks or months.
Is Invoice/Receivables Financing the right choice for me?
One of the many great advantages of Invoice/Receivables Financing from CornerStone Finance is that you don't need the best credit history or the strongest cash flow to get the loan approved. Instead, the factor will look into your customer's ability to pay what they owe in a reasonable time frame.
It's also the type of financing to consider if you spend a lot of time chasing your customers for payment. This is time that you and your staff could be using more productively to create more sales and grow your business.
While you do pay a fee for the service, it eliminates the damage that late-paying clients are doing to your company's profitability. For example, if your monthly bills are all due at the end of the month, think how much better off you'd be to get paid a couple weeks earlier. Each sale becomes more profitable and you gain the flexibility to cover unforeseen expenses.
How to Apply
Get your docs together
You will need to demonstrate that your customers reliably pay on time in order for this type of loan. You'll need to provide at least 3 months of business bank statements, credit card processing statements, alongside your business tax returns, a report of your accounts payable and debt schedule with your application.
1
Call or complete our Online Application
To get started, simply complete and submit our Online Application or give us a quick call at (732) 692-4620.
We'll do the rest!
Our expert small business lenders will gather and review your information and contact you to explain your available options and ensure the approval process is quick and easy!
2
3
The Loan You Need, Right When You Need It!
bottom of page