AR Funding

Invoice factoring as an alternative to a bank loan

AR Funding provides invoice factoring across the United States. Companies that depend on their accounts receivable can convert unpaid invoices into cash, which the firm describes as debt-free working capital. Because the firm finances the receivables themselves, the client gives up no equity, takes on no new debt and has no loan repayments to make. The company says this removes long billing cycles and brings cash in sooner, so that the business can keep growing.

Who qualifies and how the firm reviews a request

The firm works with start-up businesses and established companies, and its client base includes firms of modest annual sales that need working capital for growth. Its site notes that some applicants have a limited trading record, some have a recent history of losses, and others do not meet the criteria of traditional banks. Instead of looking at assets and net worth, the firm says it judges the quality of a client's receivables and its potential for sustained growth. It describes each business as unique and says it works to understand each set of challenges, which it links to a client retention rate it describes as among the highest in the industry.

Applying and working with a representative

Interested companies can start by downloading and submitting an application form from the website, and the firm says it promises a quick response. Representatives are available to talk through the program, and the firm presents its service as one that growing companies with an acute need for cash flow can use to move forward. The business is based in Greenville, South Carolina, and works with clients across the country.