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ACCOUNTS RECEIVABLE invoice purchasing (discount factoring)
First Growth Capital (a division of First Capital) offers substantial funding capacity at competitive
rates. That's because our Invoice Purchasing group
is part of the larger First Capital family with direct access to
the capital markets. As a result, we always have funds available
when it's time for you to sell your invoices and you know you are
getting the best service available.
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, call us at 800-619-0804 or simply click Request a Quote.
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| Benefits of Invoice Purchasing |
- 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
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| Invoice Funding Purposes |
- 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
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| Typical Invoice Financing Clients |
| 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. |
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| How Invoice Purchasing Works |
- 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.
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To get started with invoice purchasing, call 800‑619‑0804
or click Request a Quote.
Ask us about our Invoice Purchasing programs, including those offered under our First Capital®, First Growth Capital®, First Capital TempFundsSM and First Capital Business CreditSM brands. Our Invoice Purchasing programs are designed to meet the different needs of our customers: First Capital® programs are primarily for small- to medium-sized businesses; First Growth Capital® programs are primarily for smaller businesses; First Capital TempFunds SM programs are primarily for employment agencies; and First Capital Business CreditSM programs are primarily for larger companies. |
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