Transaction Size: Invoice purchasing credit facilities starting at $100,000 (based on outstanding accounts receivable invoices).
Criteria: Most companies qualifying for First Growth Capital invoice purchasing services are B2Bs (business-to-business) in manufacturing, wholesale, distribution and/or services generating commercial accounts receivable invoices. In most cases, yearly sales must exceed $500,000.
If you think invoice factoring is right for you, contact us.
— Funding for businesses that have been turned down by conventional lenders
— Quick cash upon submitting a qualified invoice, allowing you to meet payroll, purchase inventory, or take advantage of early payment discounts from your vendors
— Working capital that keeps pace with sales growth, even through seasonal peaks
— Convenient collections service, allowing you to devote your time and resources to making sales and running your business
— Improved receivables collection rate because we review the credit quality of your customers and we help collect your invoices
— Capital to support rapidly growing companies
— Working capital to support business growth and meet seasonal or cyclical financing needs
— Restructuring and turnaround situations, including bankruptcy
— Acquisitions
— Leveraged buy-outs
We provide Invoice Purchasing and working capital to small- and middle-market companies throughout the United States in a broad range of industries, including manufacturing, wholesale / distribution, and selected service business that generate accounts receivables.
— You submit an application along with details on your accounts receivable.
— We respond with preliminary approval in 24 hours.
— Our due-diligence team analyzes your account receivables.
— You receive up to 85% of your invoice immediately instead of waiting weeks or months for payment.
— Your customers pay invoices directly to First Growth Capital, and we work to ensure timely payment.
— The remaining amount of the invoice, less First Growth Capital’s discount fee, is remitted to you when your customer pays the invoice.
— Your personalized loan management team, an Account Executive and an Analyst, closely monitor the collateral and help you manage your financial operations. You receive daily cash transfers and real-time online reporting.
To get started with invoice purchasing, contact us.