A quick funding process that offers invoice factoring loans to business owners.
Last Updated on April 27, 2026
Shield Funding TeamSmall business owners know that cash flow management is essential to keeping their doors open. There is often a frustrating mismatch between when rent, payroll, inventory costs, or vendor bills are due and when customers pay their invoices.
Waiting for payment, especially when customers take 30, 60, or 90 days to pay, can create pressure on your business and make it harder to cover operating expenses or take advantage of growth opportunities. Invoice factoring helps solve that problem by turning unpaid invoices into immediate working capital.
Instead of waiting weeks to receive payment on invoices, your business can access cash tied up in receivables and use it right away. If you need access to capital quickly, you can get started online in just a few minutes.
However, if you’re still unsure which financing option best fits your needs, read on.
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What Do I Need to Qualify?
Below is a list of the general requirements to get approved for business funding with our basic program.
How Do I Apply?
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Zions Bank offers flexible invoice factoring solutions to help businesses improve cash flow by converting accounts receivable into immediate working capital. Instead of waiting for customers to pay on extended terms, businesses can receive an advance on approved invoices, typically a large percentage upfront, with the remaining balance paid once the customer settles the invoice, minus a fee. This type of financing is based primarily on the strength of your customers, making it a practical option for businesses with solid receivables but delayed payments. The process is designed to be straightforward, with ongoing access to funding as new invoices are generated. In many cases, invoice factoring also includes support with receivables management, helping streamline collections and reduce administrative burden while keeping your business focused on growth.
First Business Bank offers accounts receivable financing solutions designed to help businesses turn unpaid invoices into immediate working capital and improve cash flow. Instead of waiting on customer payments, businesses can receive an advance—often up to 90% of invoice value—within as little as 24 hours, with the remaining balance paid once the customer settles the invoice, minus fees. This type of financing is available in a wide range of amounts, typically from $100,000 to $18 million, and can scale as your business grows. Because funding is based primarily on your receivables and customer credit quality, it can be more accessible than traditional loans while providing fast turnaround times, competitive pricing, and flexible structures to support ongoing operations and expansion.
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Invoice factoring is a great solution for business owners who need to improve cash flow without waiting on slow-paying customers. Whether you’re covering payroll, purchasing inventory, or taking on new contracts, factoring allows you to access the value of your unpaid invoices quickly instead of waiting 30, 60, or 90 days to get paid. Funding is based primarily on your receivables, so you can often receive 70% to 90% of your invoice amount upfront, with the remaining balance paid once your customer pays. Approval is typically based on your customers’ credit quality, along with your business’s revenue and invoicing history, making it a flexible option with fast turnaround times.
If your credit isn’t perfect or you’ve had difficulty getting approved through traditional lenders, invoice factoring can still be a strong option. Even if you’ve been turned down by a bank, you may qualify by leveraging your outstanding invoices. We work with businesses across many industries to provide simple, fast factoring solutions that help you unlock cash flow and keep your operations moving forward.
Invoice factoring offers business owners a reliable and efficient way to improve cash flow by turning unpaid invoices into immediate working capital. Whether you’re covering payroll, purchasing inventory, or taking on new contracts, factoring allows you to access funds you’ve already earned instead of waiting weeks or months for customers to pay. This can help you stay on track and take advantage of time-sensitive opportunities without disrupting your operations.
With flexible structures and fast approval times, invoice factoring is a smart option for businesses that need quick access to capital. It helps preserve your cash flow while providing predictable access to funds based on your receivables. If your business is growing or experiencing delays in customer payments, invoice factoring can be an effective way to keep things moving without unnecessary delays.
Before using invoice factoring, it’s important to understand how it will impact your cash flow. Since factoring involves receiving an advance on your invoices and paying a fee for early access to funds, you should evaluate whether the cost fits comfortably within your margins. Make sure your incoming cash—after factoring fees—can still cover your daily operating expenses and support your business goals.
With invoice factoring, the amount you receive upfront is typically a percentage of your invoice, with the remaining balance paid once your customer settles the invoice, minus the agreed fee. Factoring smaller amounts or only selecting certain invoices can help you control costs and manage your cash flow more effectively. When you apply, you’ll receive clear terms outlining your advance rate and fees so you can understand the impact upfront.
It’s also important to plan for different scenarios. Consider how delays in customer payments or slower sales periods could affect your cash flow. By factoring strategically and maintaining a clear plan, you can use invoice factoring as a tool to stabilize your business and keep operations running smoothly.
Knowing why you need access to cash flow is an important part of using invoice factoring effectively.
The “why” helps determine which invoices you should factor and how much funding you actually need. If you factor too little, you may still run into cash flow gaps and need to submit additional invoices later. If you factor too much, you could be paying fees on funds you didn’t really need right away.
Factoring programs also operate within certain guidelines based on your invoices and customers. Not every invoice may qualify, and advance amounts depend on factors like invoice size and customer credit quality. Before getting started, it’s helpful to review your outstanding invoices, identify which ones make the most sense to factor, and estimate how much working capital you need to keep your business running smoothly.
Invoice factoring is a strong option if you’re looking to improve cash flow without taking on traditional debt. Instead of tying up your working capital while waiting for customers to pay, factoring allows you to access funds from your outstanding invoices quickly. This makes it easier to keep your business running smoothly, take on new opportunities, and stay competitive.
Because invoice factoring is based largely on your receivables and the strength of your customers, approval can often be more accessible than traditional financing. However, it’s important to understand the total cost, including factoring fees, and how it fits into your margins. Taking the time to evaluate which invoices to factor and how the funds will support your operations can help ensure this solution aligns with your long-term business goals.
Several factors play a role in qualifying for invoice factoring. While your business profile is considered, approval is often based more heavily on the strength of your customers and the quality of your invoices. Lenders will review how long you’ve been in business, your monthly revenue, your invoicing history, and the reliability of your customers’ payment patterns. Instead of traditional collateral, your outstanding invoices serve as the primary asset, which can make approval more accessible even if your credit isn’t perfect. Factors like invoice size, payment terms, and customer creditworthiness can also impact eligibility and advance rates. Consistent cash flow, steady invoicing, and strong business banking activity will help strengthen your application and improve your chances of getting approved quickly.
The amount you can qualify for with invoice factoring depends largely on the value of your outstanding invoices, the creditworthiness of your customers, and your overall business activity. Instead of financing a purchase, factoring provides an advance on your receivables—typically around 70% to 90% of the invoice amount upfront. Lenders will evaluate the size and volume of your invoices, your customers’ payment history, your time in business, and your revenue consistency. Strong, reliable customers and steady invoicing can increase your advance rate and overall funding capacity, giving you access to more working capital as your business grows.
With invoice factoring, there isn’t a traditional repayment schedule like a loan. Instead of making monthly payments, you receive an advance on your invoices, and the transaction is settled when your customer pays the invoice. Once payment is received, the remaining balance is released to you, minus the agreed factoring fee. Because it’s tied directly to your receivables, there are no fixed monthly obligations or large lump-sum repayments to manage. This structure helps keep your cash flow flexible, allowing you to access funds when needed without adding ongoing debt payments to your budget.
This is likely one of the most important benchmarks you will use to compare lending options. If one lender offers a better interest rate than the other and all other things remain the same you can have a good idea of the rate comparison. You must keep in mind that different products such as credit cards or car loans work using traditional financing interest rates and APR, but many alternative funding programs quote in a factor rate or annualized interest rates so try to compare options based on the types of loans they are most similar to. And ultimately it will come down to what you have to pay back when all is said and done.
When comparing lending options, whether quoted in factor rates, interest rates, or any other framework, what is most important is what you will pay back when all is said and done. For this reason you should always try to look at what you will pay over the entire life of the loan.
Many businesses can receive a decision within 24 to 48 hours and funding within 24 hours after approved invoices are verified.
Invoice factoring is generally designed for B2B invoices from approved customers with acceptable payment histories.
Advance rates typically range from 70% to 90%, depending on the customer profile and invoice details.
Most businesses need basic company information, recent bank statements, sample invoices, and a customer list to get started.
Invoice factoring is different from a traditional term loan because it is based on advancing funds against your accounts receivable rather than issuing a standard lump-sum business loan.
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