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No need to wait for invoice payment with Big Tex Capital.
Big Tex Capital allows business owners to finance outstanding invoices. With invoice financing, you can get a fast advance of about 85% of the value of your invoices, with most of the other 15% paid to you later.
What is Invoice Financing?
Invoice financing, often called accounts receivable financing, allows business owners to finance outstanding invoices. Invoice financing companies advance you cash collateralized by your unpaid invoices, giving you an excellent way to put money back into your business. With invoice financing, you can get a fast advance of about 85% of the value of your invoices, with most of the other 15% paid to you later.
Maximum Loan Amount up to 100% of Value
Invoice financing is a form of short-term borrowing that is extended by a lender to its business customers based on unpaid invoices.
Repayment when customer pays invoice
If you needed money to make payroll a week after sending out that invoice, then your accounts receivable financing lender’s fees don’t seem too bad after all.
Factor Fees of 8-30%
Invoice factoring is very similar to invoice financing with one notable difference: the invoice factoring company is purchasing your accounts receivables.
Get Your Cash as fast as 1 Day
Once you agree to collateralize some of your invoices for a loan from a financing company, they’ll advance you typically about 85% of the total value of those invoices.
Who Qualifies for Invoice Financing?
Any business with a business-to-business model can qualify for invoice financing, as long as they currently have outstanding receivables. We don’t care as much about your revenue, profitability, or time in business. Your invoices will act as the loan’s collateral, we just want to make sure the invoices make sense for them to finance. The maximum amount you can qualify for depends on the total amount and quality of your invoices, as well as on your creditworthiness.
How to Apply for Invoice Financing?
An invoice financing application is a fast and simple process. Because your invoice determines the amount and terms of the financing you qualify for, the invoice itself will be the most important part of the application process.
How Does Invoice Financing Work?
Big Tex Capital agrees to collateralize some of your invoices for a loan from us, we’ll advance you typically about 85% of the total value of those invoices. We’ll charge a “factor fee” depending on how long it takes for your customer to pay up, almost always calculated on a weekly basis. Although that’s the typical experience, there are other kinds of accounts receivable financing.
What Will Invoice Financing Cost You?
As we’ve mentioned, invoice financing can be an expensive way to receive funding for your business. But it’s essentially the cost of having cash on hand now, instead of later.
Big Tex Makes It Easier!
We know how much time it takes to run a business, so at BigTex Capital we help you get a business loan in less time than our competitors. The team at BigTex Capital will help you with the following:
SIMPLE APPLICATION STEPS
Big Tex Capital has designed and developed an all in one online Application that you can complete in just minutes. Sign and upload with your finger!
ACCESS TO MULTIPLE LENDERS
Big Tex Capital has partnered up with over 100 lenders to try to find your business the best possible loan and the most competitive rate.