GreenBox Capital Invoice Factoring
$100,000.00
Factoring
Description:
GreenBox’s invoice factoring can provide working capital in as little as 24 hours, allowing small businesses to bridge the gap between issuing an invoice and receiving payment.
Comments on Funding:
– Funding takes the form of invoice factoring between 70-90% of the invoice’s value up to $100,000.
– There are no interest payments just fee which typically fall somewhere between 1-5% of the invoice total value.
Continuous Intake
Eligibility:
Applicants must:
1. be businesses with long accounts receivable periods or large numbers of outstanding invoices;
2. be filling in cash flow gaps between sending invoices and receiving payment;
3. have invoices valued at $15,000+ with extended credit terms, and which are not more than 90 days past due;
4. be businesses seeking fast funding—invoice factoring can be deposited in as little as 1 business day;
5. be B2C businesses that need smaller amounts of funding;
6. businesses with lower credit scores or that do not have collateral, such as real estate and other major assets.
Application Steps:
1. Applicants must submit their application online.
2. A Funding Advisor will contact the applicants within one hour (during regular business hours) to finalize their application and discuss funding choices.
Documentation Needed:
Applicants must provide three months of bank statements and relevant information, including:
1. Business revenue;
2. Cash flow;
3. Vendor payment history;
4. Years in business;
5. Public records.
Other Things to Note:
About the author
Maurice
