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Last Updated: 04/18/2025

The Business Backer Invoice Factoring

in Accounts Receivable Financing from The Business Backer

Last Updated: 04/18/2025

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Highlights

Amount Range

$5,000 - $2,000,000

APR (Fixed APR)

3.3% - 6%(Verified 06/21/2024)

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Minimum Months in Business

Minimum Revenue

$180,000

The Business Backer Invoice Factoring Review

The Business Backer Invoice Factoring is offered by The Business Backer, a financial services company founded in 2007 and based in Cincinnati, OH. The Business Backer Invoice Factoring are available in 33 states and Washington, DC.

The Business Backer Invoice Factoring FAQ

What APRs does The Business Backer 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.

The Business Backer has a factoring rate starting from 1.2% to 1.47%. This is a fixed APR product with an estimated equivalent APR that ranges from 3.3% up to 6%.

How often does The Business Backer Invoice Factoring process payments?

The Business Backer Invoice Factoring receives the payment through the Merchant's monthly invoice receivables, which means The Business Backer Invoice Factoring collect the payment through the merchant's customer invoices.

Does The Business Backer Invoice Factoring charge an origination fee?

No, The Business Backer Invoice Factoring does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.

How much cash can you get from The Business Backer Invoice Factoring?

The Business Backer Invoice Factoring advances 90% of the total account receivables amounts, with cash amounts start at $5,000 and go up to $2,000,000.

What type of invoice collection structure does The Business Backer Invoice Factoring offers?

The Business Backer collects payment for invoices directly from clients.

What types of invoices does The Business Backer accept?

The Business Backer Invoice Factoring accepts the following invoice type when applying for accounts receivable financing.

Business-to-business invoices (B2B).

What type of invoicing software does The Business Backer Invoice Factoring support?

The Business Backer Invoice Factoring supports the following invoicing software from applicants:

What trade credit terms does The Business Backer accept?

The Business Backer 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 10 days.
Net 15 days.
Net 30 days.

What are the business financing requirements for The Business Backer Invoice Factoring?

To apply for The Business Backer Invoice Factoring, the borrower needs to provide the following business document:

Business license
Business bank account

What limitations does The Business Backer Invoice Factoring set on the purpose of the loan?

The Business Backer Invoice Factoring considers accounts receivable financing applications for business purposes, such as:

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Headquarters

10856 Reed Hartman Highway

Suite 100

Cincinnati, OH 45242

(866) 615-4747

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