![]() ![]() For other types of businesses, approvals can take up to several weeks depending on the complexity of the transaction, with an additional 24 hours for funding.Īs with many invoice factoring companies, some loan terms are determined on a case-by-case basis. ![]() While it can work with companies in a variety of industries, its fastest funding speeds and flexibility in qualification requirements are typically offered to transportation companies.įrom the time you apply, transportation companies can get approvals within 48 hours, with funding to occur almost instantly once the loan has been approved. You'll also need to provide permission for the provider to review your business tax returns.ĮCapital: Best for Transportation Companiesįor businesses in the transportation industry, eCapital is an excellent option to consider for invoice financing. If you decide to apply, you'll need to provide articles of incorporation for your business or other proof of business, a government-issued photo ID, and a voided check for your business banking account. To start the process or learn more, you can visit the FundThrough website. Its clients typically invoice large businesses in industries like oil, gas, manufacturing, staffing services, wholesale, retail, technology, agriculture, building supplies, and automotive. Most of the clients FundThrough works with have a presence in either Canada or the United States. FundThrough does not issue funding for construction or real estate, but you can review our guide to the best construction factoring companies for these options. To be eligible, you'll need outstanding invoices of at least $100,000 to one of your customers, and your invoices must be for work that has been fully completed. The provider will then verify the invoices with your customer, after which you can receive payment as fast as the next day. You can create an account or utilize the provider's integration with QuickBooks or OpenInvoice to select which invoices you'd like to fund. ![]() You can get a 100% advance on your outstanding invoices up to $10 million. The provider also has a quick application process and doesn't require you to factor receivables for any minimum length of time. FundThrough is our choice as the best overall invoice factoring provider because of its financing terms as it offers the highest advance rate out of all the providers on our list. ![]()
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