Advanced Rates

Advance Rates up to 90%
Receive 90% of the your invoice value upon approval

72 hour funding

72 Hour Funding
Since underwriting in based on the value of the invoice, our approval process is very quick.

bad credit ok

Bad Credit OK
Your personal credit doesn’t concern us much, as long as your customers are established businesses!

funding grows with your business

Funding Grows with Your Business
As your business gets more customers and invoices, you may increase the amount you wish to finance!

Invoice Financing

Step 1: Submit Invoice

Send your invoice to your customer and Premium Business Credit.

Step 2: Get Paid

Our lenders will advance you up to 90% of the invoice value within 72 hours.

Step 3: Customer Pays Invoice

Our lender follows up on your invoice, collects payment, and sends you the remaining balance, minus our fee.

What are the Benefits of Factoring?

  • Release up to 90% of the cash tied up in your invoices within 24 hours.
  • Benefit from access to local decision-makers and the stability of having one point of contact working alongside you.
  • Alleviate administrative burdens and free up your time with our lenders credit and collections services.
  • Take advantage of growth opportunities with funding that grows with you.  Receivables financing could be the best fit for your business.


  • Cover payroll and operating expenses
  • Take advantage of supplier discounts
  • Purchase additional inventory or equipment
  • Pay taxes
  • Increase sales and profits
  • Offer credit terms to customers

Receivables financing could be the best bet for your company.

Common Receivables Financing Questions

Do I have to factor all my invoices?

No. You are free to factor as many invoices as you desire for any period of time within the framework of our service agreement.

How do I get started and how long does it take to get funded?

Fill out the form here, or contact our offices and we will send you a simple, no-nonsense proposal via e-mail. If you like what you see, all you have to do is click on the application link in your proposal. In most cases, Premium Business Credit can take your business from application to funding within three business days.

How does factoring work?

Factoring companies buy invoices from their client. A factoring company will then pay the client up to 90% of the face value of the invoice(s). The factoring company collects the total invoice amount due from the client’s customer (the debtor), and passes on the remainder of the funds, less a fee back to the client.

What is a customer?

This is your customer. If you are a trucking company, your customer is the party who hired you to transport their goods. If you are a publication, your customer is the party who has paid for advertising space. If you are an employment agency, your customer is the party who is looking for new employees and has hired you to find them.

What constitutes a factorable business?

We consider a factorable business to be any company that provides goods or services to credit-worthy commercial customers.

What is Factoring?

Factoring is a form of Invoice Finance that can ease your cash flow worries by bridging the gap between raising an invoice and getting paid. Your company will get an immediate cash advance based on your outstanding receivables, and an ongoing supply of working capital as you generate more invoices.

Is there a minimum dollar amount required to factor?

No. You can factor as little or as much as necessary, given, that your customers qualify and their invoices meet  underwriting guidelines.

May I include past due invoices to be factored?

No. Only current business invoices will be considered.

When my customers are paying for factored invoices, where do they send payments?

All payments for factored invoices are sent to the factoring company, directly.

Do factoring companies work with out of state businesses?

Yes. Location is not an obstacle. We work with businesses in all 50 states.

Do we need collateral?

No.  Factoring is based on the invoice’s face value and the customer’s ability to pay.

How are fees determined?

Generally, fees are based on a projected volume of business the factoring company will receive. This can differ from one factoring company to another.

What if one of my customers does not pay an invoice? What if a factored invoice goes unpaid for more than 90 days?

Invoices that are unpaid are charged back to you. Once an invoice has been charged back, it is no longer the factoring company’s responsibility. It has now become your responsibility to collect the money.

How is accounts receivable funding different than a bank loan?

During the application and approval process, we focus on the creditworthiness of your customers, while banks focus on your company’s financial history and cash flow. Accounts receivable funding is not a loan; therefore no debt is entered on your company’s balance sheet. We can make a quick funding decision, while banks may take weeks-even months-to approve a loan.

How are the rates determined?

We take into consideration many variables, some of which include your sales volume, your customers’ credit strength, trends in customer payment cycles, invoice amounts, and the current climate of your industry.

What information will you need to begin the factoring process?

Our one-page application, your company’s most recent accounts receivable and accounts payable aging reports, Articles of Incorporation or dba filing, and a sample invoice.

Will my customers know that I have factored their invoices?

Although factoring has become quite common and many customers have probably sent payment to factors before, we are virtually transparent. We understand that customers are the most valuable key to business. We intend for you to maintain your customer relationships, so the way we communicate with them is respectfully designed to protect your good will.
Here is how this process works:

  • First, you send your invoice directly to your customer, just as you do now.
  • You also send a copy of that invoice to us.
  • Then, a letter introducing us to your customers is sent on your letterhead.
  • As your new Accounts Receivable Management Company, we confirm the invoice with your customer on your behalf.
  • Your customer will be asked to send your check to a remittance address, which is our bank lockbox.

How can I be certain that your company will treat my customers well?

The last thing we want is for you to lose a customer. We are not a collection agency, so we will never harass your customers. Maintaining your customer relationships is of utmost importance to us. We only succeed if you succeed.

I'm a new business with little or no credit history. Can I still qualify?

Since it is your customer who pays us, we concentrate more on their creditworthiness. We have helped many companies in their early stages grow into profitable entities.

Can I qualify if I have tax issues?

In most cases, yes, depending upon the lien amount in relation to your monthly volume and the details of the workout agreement you have with the government agency.

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