An invoice loan is a type of financing that allows businesses to borrow against their outstanding invoices. This type of financing can help businesses access cash quickly, without having to wait for their customers to pay their invoices.
At Sunrise Savins and Loan, we offer invoice financing solutions that allow you to access the funds you need to manage your cash flow and grow your business. With invoice financing, you can receive a percentage of the value of your outstanding invoices upfront, and then receive the remaining amount, minus fees, once your customers pay their invoices.
One of the benefits of invoice financing is that it is typically easier to qualify for than traditional loans, since your invoices serve as collateral. This can be especially helpful for businesses that have a strong roster of customers, but may not have the credit history or financial statements needed to qualify for traditional loans.