The Real Problem
You Delivered the Work. Now You Wait 60 Days to Get Paid for Money You've Already Earned.
You delivered the work, you sent the invoice, and now you wait 60 or 90 days to get paid for money you've already earned — while payroll and the next order can't wait that long.
What good is a strong customer and a real invoice if the cash is locked in someone else's accounts-payable queue for two more months — while payroll and the next order come due now?
What you actually need is the receivable advanced on your customers' credit — cash in days, not a 60-day wait, with the line revolving as you invoice.
Bobby’s Take
I've watched operators front payroll out of their own pocket for months, waiting on net-60 from customers good for every dollar. The receivable can do that work — advance against your customers' credit and stop financing your own invoices.
Bobby Friel, Founder, Basecamp Funding
Capital Stacking in Action
How a $2.4M A/R Facility Anchored a $4M Cash-Flow Structure for a $21M Facilities-Services Company
A commercial facilities-management company — $21M revenue, blue-chip corporate clients on net-60 — was growing faster than its customers paid. The receivables secured their own layer; operations and a small equipment layer stacked on top.
Payroll stopped waiting on client payment cycles, the company took on two national accounts it had been turning away, and — non-notification — its clients never saw a change in how they were billed or who they paid.
The $4M structure, one application
One application · one specialist desk
Funded Scenarios
Receivables We've Financed for Operators Like You
Representative scenarios — illustrative figures, not specific client transactions.
What an operator said
“Our bank looked at our credit and our concentration and got nervous. The specialist desk looked at who owed us the money — Fortune 500 names on net-60 — and advanced against that. My credit was never the question; my customers' was. We finally stopped fronting payroll out of our own pocket while we waited to get paid for work we'd already done.”
Operator · $19M commercial services company
Start Here
See What Your File Qualifies For — in About 60 Seconds
Move the slider to your loan amount, tell us a little about the business, and the specialist desk reads your file. No application fee. No credit ding to look. You get real term sheets from real lenders — not a generic soft-pull review.
Soft-pull only · 4 months bank statements · Real term sheets, not estimates
How Much Are You Owed?
How much do you have in outstanding receivables?
Estimated Advance Available
In as little as 2 days.
Your actual advance comes from real term sheets.
How It Works
How an A/R Facility Is Actually Structured
A/R financing is a revolving facility that advances a high percentage of your eligible receivables, with the reserve released when your customer pays, minus the fee. It's underwritten on your customers' credit and secured by the receivable itself. Here's the real mechanic at this level.
Past a single facility's ceiling, the specialist desk stacks A/R with inventory, equipment, or working capital — see commercial financing.
The Cost of Waiting
Every Dollar Sitting in Unpaid Invoices Is a Dollar You Can't Put Toward the Next Contract
Advance the receivable and move now — the cash is working before the invoice clears.
See Your Capital Architecture →Compare the Options
A/R Financing vs the Alternatives
| A/R Financing | Bank Line of Credit | Traditional Factor | Merchant Cash Advance | |
|---|---|---|---|---|
| Underwriting basis | Your customers' credit | Your credit + collateral + tax returns | Your customers' credit | Card / deposit volume |
| Customer awareness | Non-notification option | N/A | Usually notifies your customers | N/A |
| Recourse | Recourse or non-recourse | Full recourse | Often recourse | N/A |
| Cost | Asset-secured — lower | Lowest if you qualify | Per-cycle fee, can run high | Highest (factor rate) |
| Speed to fund | Days | 30–60 days | Days | Hours, at a cost |
| Best for | B2B with strong-credit customers | Bank-fit borrowers who can wait | A one-off invoice sale | Almost never |
Bobby’s Take
“Factoring earned a bad name because the old model called your customers, charged a fee every cycle, and treated you like you were going under. Done right, A/R financing is the opposite. Your customer's credit does the heavy lifting, your customers never have to know, and because the receivable secures it, it costs less than borrowing against nothing. If you're selling to good companies on net-60 and starving for cash in the meantime, you're financing the wrong thing — the money is already yours, you're just waiting on it.”
Bobby Friel · Founder, Basecamp Funding · 20+ years in banking and finance
Straight Answers
The Straight Answers Operators Ask For
My personal credit isn't great.
A/R is the one product where your customer's credit drives the approval, not yours — challenged owner credit is workable because the receivable is the strength.
I don't want my customers to know I'm financing receivables.
Non-notification options keep it invisible — your customers keep paying you the way they always have, into an account in your name.
What if my customer doesn't pay — am I on the hook?
With non-recourse options, the facility absorbs credit-related non-payment, so a customer's insolvency isn't yours to buy back.
Isn't factoring expensive?
Priced as an asset-secured facility, A/R runs cheaper than non-asset-secured options because the receivable secures it — not the per-cycle fee of a survival-mode invoice sale.
My revenue is concentrated in a few big customers.
Here that concentration is an asset — strong-credit customers make the receivable more fundable, not less, and non-recourse covers the concentration.
I need cash this week.
With the aging report and customer list in hand, eligible receivables can fund in as little as 2 days, and the line revolves as you invoice.
Put the receivables to work now, and optimize later.
Advance against the receivables today on real term sheets; as the facility seasons, advance rates and terms improve. You don't wait for perfect to put the money you've already earned to work.
The Process
How an A/R Facility Comes Together
Submit your file.
Signed application + 4 months bank statements + an aging A/R & A/P report + your active customer list. No application fee, soft-pull only.
A specialist reads the receivables.
An advisor underwrites who owes you the money — your customers' credit and payment history — not just your own file.
Real term sheets come back.
A/R lenders return fundable offers with real advance rates and recourse/notification options — priced to the receivable, not a per-cycle factor fee.
You pick the structure and fund.
Choose recourse or non-recourse, notification or non-notification; eligible receivables can fund in as little as 2 days.
The facility revolves and anchors the plan.
As you invoice, the line refreshes — and the receivables become the cash-flow layer beneath inventory, equipment, or working capital as the structure grows toward $20M+.
Self-Qualify
Who A/R Financing Fits — and Who It Doesn't
Deal-Breakers
What Kills an A/R Financing Application
Straight talk on what stops an A/R facility before it starts — so you fix it before you submit.
By Industry
A/R Financing by Industry
If you invoice other businesses or government on terms, the receivable can secure the financing — your customers' credit does the work. Explore the fit for yours.
Manufacturing
Ship to OEMs on net-60/90 and advance against those receivables — underwritten on your customers' credit, funded in days.
Distribution & Wholesale
Turn national-retail receivables into cash without waiting on net-60 — concentration in strong-credit accounts becomes collateral, not risk.
Construction & Contractors
Bridge payroll and materials between progress billing and payment — advance against the receivables owed by general contractors and owners.
Healthcare
Convert payer and facility receivables into working cash — the receivable secures the line, so growth isn't capped by slow remittance.
Trucking & Logistics
Get paid the week you deliver instead of net-30/45 — a revolving facility advances against freight invoices and refreshes as you bill.
Professional Services
Advance against invoices to corporate and government clients — fund payroll between billing and payment, non-notification keeps it invisible.
FAQs
A/R Financing — Questions Operators Actually Ask
A/R financing (invoice factoring) advances cash against the invoices you've already issued to other businesses or government, before your customers pay. It's a revolving facility: you get a high percentage of each eligible receivable up front — often within 2 days — and the reserve when the customer pays, minus the fee. It's underwritten on your customers' credit, not just yours, and the receivable itself secures the facility.
Your customers' credit does the heavy lifting. Because the receivable is the collateral and your customer is the one who pays, A/R financing is the one product where challenged owner credit is workable — what matters most is that the businesses or government agencies that owe you are creditworthy.
Not if you choose non-notification. Your customers keep paying the way they always have, into an account in your name, unaware of the arrangement. Notification options also exist if you prefer — the choice is yours.
With recourse, if a customer doesn't pay, you buy the invoice back. With non-recourse, the facility absorbs credit-related non-payment — a customer's insolvency isn't yours to cover. Non-recourse costs modestly more because the facility takes the credit risk, and it's a strong fit when you have concentrated or government receivables.
A high advance against eligible receivables, with the reserve released on collection minus the fee. Once your aging report and customer list are in, eligible receivables can fund in as little as 2 days, and the line revolves as you keep invoicing.
A bank line is underwritten on your credit, collateral, and tax returns, and takes 30–60 days. A/R financing is underwritten on your customers' credit and the receivables, funds in days, and grows automatically with your billings. If your bank balks at customer concentration or your own credit, A/R often funds where the bank won't — and the two can sit side by side.
Timing. A/R financing funds after you've delivered and invoiced — it advances against the receivable. Purchase order financing funds before you fulfill — it pays your suppliers so you can complete an order you can't yet afford. If you need cash to fill the order, that's purchase order financing; if you're waiting to get paid for work already done, that's A/R.
Yes. Federal receivables are assignable under the Federal Assignment of Claims Act, and the government's credit is pristine — which makes non-recourse a natural fit. Government and DoD contractors use A/R financing to bridge payroll and materials while federal payment cycles run.
A signed application, 4 months of business bank statements, an aging A/R & A/P report, and your active customer list. Soft-pull only, no application fee. The aging report and customer list let the advisor underwrite who owes you and structure the advance.
The Operator's Guide
The Operator's Guide to A/R Financing & Invoice Factoring
The money is already yours — you're just waiting on it
You delivered the work and sent the invoice. The revenue is real, the customer is good for it — you're just sitting on net-60 or net-90 terms while payroll and the next order come due now. Accounts receivable financing, or invoice factoring done right, advances a high percentage of that invoice within days and the rest when your customer pays. What makes it different from every other kind of borrowing: it's underwritten on your customers' credit, not just yours. The lender looks at who owes you the money. If you sell to strong companies or to the government, that's the strength the facility is built on — even if your own credit is bruised.
Factoring done right is the opposite of its reputation
Factoring earned its bad reputation. The old small-business model called your customers to collect, charged a fee every cycle, kept the default risk on you, and treated you like you were going under. Done right for an established operator, it's the opposite. With non-notification, your customers never know — they keep paying into an account in your name. With non-recourse, the facility absorbs a customer's credit-related non-payment instead of clawing it back from you. And because a real receivable secures it, it's priced as asset-secured — lower than borrowing against nothing.
What A/R is — and what it isn't
It helps to know what A/R is not. It isn't purchase order financing — that funds before you fulfill, paying suppliers so you can complete an order. A/R funds after you invoice, converting a receivable you've already earned. And it isn't general working capital — it's tied to specific invoices from real customers, which is exactly why it's cheaper and why your credit isn't the gate. The concentration that scares a bank — 60% of revenue in three national accounts — becomes collateral here, because those accounts' credit is strong.
A/R is the cash-flow layer
A/R is the cash-flow layer. It converts slow receivables into immediate capital, and it stacks: inventory financing for the next cycle, equipment for new accounts, working capital for operations — one application, one specialist desk, a structure that reaches $20M+. You stop fronting payroll out of your own pocket for work you've already done, and the receivable goes to work the week you invoice.
Financing the Growth? Cover the Risk That Comes With It.
A new facility, more equipment, and a bigger crew change your risk profile the moment the capital lands. Our sister company, Insurance Service 365, handles commercial coverage for operators scaling exactly like this — so the growth you just financed is protected.
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