Lendr Invoice Factoring
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| Loan Amount | Up to $1,000,000 |
| APR (Fixed APR) | 3% - 5% |
| Minimum Months in Business | 12 |
| Minimum Revenue | $10,000 |
Lendr Invoice Factoring Review
Lendr Invoice Factoring is offered by Lendr, a direct lender founded in 2011 and based in Chicago, IL. Lendr Invoice Factoring are available in 50 states (and Washington, DC).
Lendr Invoice Factoring FAQ
What APRs does Lendr Invoice Factoring offer?
The cost of accounts receivable financing is typically calculated as a percentage of the invoice value, which is charged monthly. Pricing varies widely depending on several factors, such as how long you it takes to repay the invoice advance.
Does Lendr Invoice Factoring charge an origination fee?
Yes, Lendr Invoice Factoring charges a origination fee.
What type of invoice collection structure does Lendr Invoice Factoring offers?
Lendr collects payment for invoices directly from clients.What types of invoices does Lendr accept?
Lendr Invoice Factoring accepts the following invoice type when applying for accounts receivable financing.
- Business-to-business invoices (B2B).
- Business-to-government invoices (B2G).
What trade credit terms does Lendr accept?
Lendr accepts the following trade credit term. Trade credit terms are usually expressed as Net D, where D stands for the numbers days after which payment of the invoice is expected.
- Net 15 days.
- Net 30 days.
What is the estimated funding time?
Lendr Invoice Factoring can approve (or deny) an application within 24 hours and fund within 2 business days of approval.
What are the business financing requirements for Lendr Invoice Factoring?
To apply for Lendr Invoice Factoring, the borrower needs to provide the following business document:
- Business license
- Business bank account
What limitations does Lendr Invoice Factoring set on the purpose of the loan?
Lendr Invoice Factoring considers accounts receivable financing applications for business purposes, such as:
- Business debt refinance
- Equipment purchase
- Hiring
- Inventory
- Lease improvement
- New location
- Payroll
- Product or service expansion
- Technology investment
- Working capital
Message From Lendr Invoice Factoring
Contact
- Headquarters
-
153 W Ohio St
5th Floor
Chicago, IL 60654 USA - (888) 887-2812
- Visit Site
- Email Support
Other Services by Lendr
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| Business Financing Requirements |
|
| Credit Score Range | 520 - 850 |
| Immigration Status Considered |
|
| Invoice Collection Structure | Collected By Lender Directly |
| Invoicing Type |
|
| Military Status |
|
| Minimum Age | 18 |
| Minimum Months in Business | 12 |
| Minimum Revenue | $10,000 |
| Verification Documents Required |
|
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