CreditStrong for Business

JULY 29, 2024

If your credit scores aren’t in good shape, it can be challenging to get access to financing for your small business. Fortunately, there are commercial lenders that offer small business loans with no credit check, and in some cases, it can be what you need to keep your business afloat.

Small Businesses 52

Small Businesses Credit Scoring Credit and Collections Invoice Amount 52

Gaviti

APRIL 8, 2024

Example #1 Subject: Payment Reminder: [Invoice Number} Due on [Due Date] Hi [Client’s First Name], I hope all is well. I wanted to give you a friendly reminder that payment for [Invoice Number ] in the amount of [Invoice Amount] is due on [Due Date] I wanted to take a moment to confirm the payment terms and make sure that everything is clear.

Credit and Collections 98

Credit and Collections Invoice Collections Invoice to Cash Invoice Amount 98

Eagle Business Credit

AUGUST 2, 2023

Origination Fees: Some online lenders charge origination fees, which are upfront fees based on a percentage of the loan amount. These fees are typically deducted from the loan proceeds, meaning they reduce the amount of funding received by the borrower. Cost of AR Funding The cost of AR Funding is based on the invoice amount.

Invoice Amount 52

Invoice Amount Credit Scoring Deductions Small Businesses 52

Fundera

AUGUST 30, 2017

To qualify, you’ll need 6+ months in business, a 500+ credit score, and $100,000+ in annual revenue. Bad credit is accepted. A merchant cash advance (MCA) is a lump sum of capital you repay using a portion of your daily credit card transactions. Bad credit is accepted. Excellent way to build your credit score.

Credit Scoring 81

Credit Scoring Deductions Small Businesses Invoice Amount 81

Lendio

NOVEMBER 8, 2023

They pay you 80% of the invoice amount up front, which is $8,000. Once the supermarket pays the invoice, the factoring company receives the full $10,000. The factoring company then sends you the remaining 20% of the invoice ($2,000), but deducts a 3% factoring fee.

Credit and Collections 52

Credit and Collections Invoice Amount Invoice Collections Credit Scoring 52

Fundera

FEBRUARY 26, 2019

In some cases, the invoice financing provider will sync up with your accounts receivable systems behind the scenes. When your customer pays the invoice, they might automatically deduct their fees before forwarding you the balance. Then, they’ll take responsibility for collecting the full amount.

Credit and Collections 61

Credit and Collections Deductions Credit Scoring Invoice Amount 61

Fundera

FEBRUARY 26, 2019

In some cases, the invoice financing provider will sync up with your accounts receivable systems behind the scenes. When your customer pays the invoice, they might automatically deduct their fees before forwarding you the balance. Then, they’ll take responsibility for collecting the full amount.

Credit and Collections 52

Credit and Collections Deductions Credit Scoring Invoice Amount 52