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  Lendr Invoice Factoring

Lendr Invoice Factoring

in Accounts Receivable Financing from Lendr

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Lendr Invoice Factoring

Unaffiliated

in Accounts Receivable Financing from Lendr

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Highlights
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 is 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
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Contact

  • Headquarters
  •   153 W Ohio St
    5th Floor
    Chicago, IL 60654
  •   Visit Site

Other Services by Lendr

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 520 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Invoice Collection Structure Collected By Lender Directly
Invoicing Type
  • B2B
  • B2G
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 12
Minimum Revenue $10,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 2 days
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
APR (Fixed APR) 3% - 5%
Advance Rate Starting at 100%
Invoice Qualifications
  • Net 15 Days
  • Net 30 Days
Loan Amount Up to $1,000,000
Loan Term Up to 14 months

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