With our Specific Invoice Program, a borrower chooses from any of their outstanding invoices to borrow against and decides when to borrow against it. There is no requirement to borrow on all invoices, and the pay-back meter does not start ticking until funds are dispersed. If you are waiting to get paid, but need the money now, an accounts receivable invoice loan may be what you need. Contact us to find out if invoice-based financing is right for your growing business.
Why Accounts Receivable Loans are Better Than Factoring Loans
Our Specific Invoice Program is not a factoring product and operates as a revolving line of credit. Allied Financial does not purchase invoices; we merely make an advance against them. Also, we do not get involved with the account debtors, nor do we make collection calls.
Simply provide Allied Financial with an invoice or a group of invoices, and we will make a percent advance against the total invoices presented for the day. Once the invoices are paid in full, we remit the rebate to the borrower. We do not hold reserves. Unlike factoring companies, you keep the ownership of your invoices. That means you maintain a stable and credible relationship with your customers without interference from third party collectors.
To better understand the advantages of accounts receivable loans over factoring loans, read Asset-based lending vs. Factoring.
Contact Us for a Free Financing Consultation
Lower your financial costs and enjoy the flexibility to grow your business with invoice-based financing. You have the flexibility to determine when you want to receive advances for invoices. Enjoy the freedom to maintain your accounts and customer relationships.
Contact us and our financial team can start evaluating your loan options.