Invoice Line of Credit Questions? Talk to a person1-800-851-2477

For business owners who invoice their customers and wait to be paid

Your customers take 30 to 90 days to pay. Your bills come due sooner.

A revolving line of credit secured by your unpaid invoices. As customers pay and you send new invoices, the line stays available. You are not taking a lump sum that starts paying back on day one.

  • For businesses carrying roughly $50,000 or more in unpaid invoices at any given time
  • A few merchant cash advances, a tax lien, or an SBA or EIDL loan do not automatically rule you out
  • We are paid by the lender, not by you

Invoice Line of Credit is not a lender. We place your business with a lending partner, and that lender makes the credit decision and sets the terms.

Book a call 1-800-851-2477
RevolvingThe line stays available as customers pay and you send new invoices
Secured by receivablesIt is backed by money your customers already owe the business
$50,000 and upThe rough amount of unpaid invoices you need to be carrying
Bank said no?Advances, a lien, or an SBA loan are looked at, not ruled out on sight

How it works

You did the work and sent the invoice. That invoice can back a line of credit.

Most businesses that sell to other businesses, or bill insurance, get paid weeks or months after the work is done. Payroll, rent, and suppliers do not wait that long.

A receivables line of credit is secured by those unpaid invoices. When a customer pays, room opens back up on the line. When you send new invoices, they are added. The line keeps going with the business.

Many owners in this spot reach for a merchant cash advance because it is quick. The trouble is what it costs and how soon it starts coming back out of your account.

We will not quote a rate or a limit on a web page. Those come from the lender after it looks at your receivables. What we can tell you quickly is whether your business is the kind this lender takes.

A merchant cash advance
You sign for
$100,000
Reaches your account
$90,000 to $95,000, after fees
Repayment starts
Immediately
An example of how an advance is commonly structured. Your own agreement shows your numbers.
A line of credit on your receivables
Secured by
Your unpaid invoices
How it behaves
Revolves as customers pay and new invoices are added
Repayment
Not a lump sum that starts paying back on day one
Rate and limit
Set by the lender after it reviews your receivables

Who this is for

A good fit, and not a fit

Likely a fit

  • You invoice customers and carry roughly $50,000 to $100,000 or more in unpaid invoices at any given time
  • Medical and dental practices waiting on insurance, Medicare, or Medicaid
  • A bank has turned the business down
  • You already have two or three merchant cash advances. That is not an automatic no
  • You have a tax lien, or an SBA or EIDL loan. Neither rules you out by itself

Probably not a fit

  • Less than about $50,000 owed to the business at any one time
  • Customers pay at the time of sale, so there are no invoices outstanding
  • The business is carrying something like ten cash advances at once
  • Construction is harder. It can sometimes be done, so it is worth asking

Where the wait usually hurts

A truck driver standing beside his rig
Trucking and logisticsFuel and drivers are paid now. The shipper pays later.
A machinist working at a drill press
ManufacturingMaterials and labor come first. The customer's payment comes last.
A clinic staff member working at a computer
Medical and dentalThe patient was seen. The insurer pays when it gets to it.
StaffingPayroll goes out every week. The client pays a month or two later.
Wholesale and distributionYou buy the stock up front and collect after it ships.
Professional and B2B servicesThe work is delivered. The invoice sits in someone's approval queue.

Medical and dental practices

You treated the patient weeks ago. The insurer still has not paid.

A practice can be busy and still be short on cash, because the money is sitting with insurers, Medicare, and Medicaid.

Very few lenders will lend against medical receivables. The lending partner we work with does. If your practice is waiting on $50,000 or more in claims, it is worth a short conversation.

Book a call about my practice

Private insurance claimsConsidered
MedicareConsidered
MedicaidConsidered
Invoices to other businessesConsidered

What happens after you reach out

Three steps. You find out early if it is a no.

Step 1

Answer a few questions

The form above asks what you are owed, who owes it, and what the business owes. No documents and no commitment.

Step 2

Talk to a specialist

We go through your receivables and your current debts with you. If the business is not a fit, we say so on that call.

Step 3

The lender reviews it

If it looks like a fit, we place you with the lending partner. The lender reviews your receivables, makes the decision, and gives you the terms in writing.

Questions owners ask

Before you call

Is this a loan?

It is a line of credit, secured by your accounts receivable. You are not handed one lump sum that starts paying back on day one. The line revolves: as customers pay their invoices and you add new ones, it stays available.

What is the rate, and how big a line can I get?

We do not know until the lender looks at your receivables, and we will not guess on a web page. The lender sets the rate, the limit, and the terms, and you see them in writing before you agree to anything.

I already have merchant cash advances. Is that a problem?

Not by itself. A couple or three advances is something the lender will look at. A business buried under something like ten of them will not be accepted.

I have a tax lien, or an SBA or EIDL loan. Am I out?

No. Neither one automatically disqualifies the business. Tell us about it up front so the lender sees the whole picture.

My bank turned me down. Why would this be different?

A bank mostly looks at the business's credit and history. This line is secured by what your customers owe you, so the lender looks hard at your receivables and the customers behind them. That does not mean everyone is approved.

How much do I need in receivables?

Roughly $50,000 to $100,000 or more outstanding at any given time. Below that, this program usually does not fit.

Do you work with construction companies?

Construction is harder for this lender. It can sometimes be done. Fill in the form and we will tell you plainly.

What does it cost me to talk to you?

Nothing. We are paid by the lender, not by you. The cost of the line itself is in the lender's terms, which you will see before you sign.

Is approval guaranteed?

No. Every line is subject to the lender's review and approval. Anyone who promises approval before looking at your receivables is not being straight with you.

Who is behind Invoice Line of Credit?

Invoice Line of Credit is a program of Business GPS LLC, a private company in Warrenton, Virginia. It is not a bank, not a lender, and not connected to the SBA or any government agency. Call 1-800-851-2477 or email info@businessgpsllc.com.

Find out if your invoices can back a line of credit.

Pick a time and talk to a person. If it is not a fit, we will tell you on that call.

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