By Anthony Collin, CEO, Smart Business Funding. $500M+ funded since 2014. Updated October 2026.
Invoice financing through our partners. Turn unpaid customer invoices into cash instead of waiting 30, 60 or 90 days. Apply with Smart Business Funding using a soft credit pull only.
Apply NowHow It Works1-866-737-6278
How invoice financing works
You invoice a customer
You deliver the work and send the invoice on normal payment terms.
You apply
Submit one application. We use a soft pull only.
You receive cash
A partner advances money against the unpaid invoice.
Your customer pays
When the invoice is paid, the balance settles with the partner under your agreement.
Why owners choose invoice financing
- Turn slow paying customers into cash sooner
- Cover payroll and suppliers while you wait
- Take on larger orders without stretching your cash
- Funding that can grow as your sales grow
Invoice financing compared with other options
| Option | What it is based on | Learn more |
|---|---|---|
| Invoice financing (partner) | Your unpaid invoices | This page |
| Merchant cash advance (Direct Fund Program) | Your monthly revenue, fixed daily or weekly payment | Merchant cash advance |
| Business line of credit (partner) | Your revenue and credit, draw as needed | Lines of credit |
| Working capital financing (partner) | Your everyday operating needs | Working capital financing |
Industries that use invoice financing
Businesses that bill on terms often use it, including trucking, construction, healthcare and many more listed on our industries page. See also funding by state.
Who qualifies
- At least 1 year in business and at least $5,000 in monthly revenue
- Invoices from business customers on payment terms
- Partner products have their own requirements, explained before you apply
Related reading
See business financing, business funding and our guide to covering a cash flow gap.
Invoice financing FAQ
What is invoice financing?
Invoice financing lets a business get cash against unpaid customer invoices instead of waiting 30, 60 or 90 days to be paid. It is offered through partner platforms, each with its own terms.
What is the difference between invoice financing and factoring?
In invoice financing, you typically keep control of collecting from your customers and borrow against the invoices. In factoring, a company buys your invoices and often collects the payment itself. Details vary by partner.
Who is invoice financing best for?
Businesses that bill other businesses on payment terms, such as staffing, trucking, wholesale, manufacturing, construction and professional services.
How fast can I get cash from invoices?
Timing depends on the partner and on how quickly your invoices can be verified. Your representative will explain the timeline for your case before you apply.
What does invoice financing cost?
Pricing is set by the partner and usually combines fees tied to the invoice amount and how long it stays unpaid. You will see the pricing before you accept. Compare the total cost with other options on our transparent terms page.
Is invoice financing a loan?
It depends on the structure. Some invoice financing is a borrowing against your receivables, and some is a purchase of the invoices. The partner will explain how your agreement works.
What if I do not have invoices?
If you sell mostly to consumers, a merchant cash advance or a line of credit may fit better. Our Direct merchant cash advance offers usually come in 1 to 5 hours.
What do I need to qualify?
At least 1 year in business and at least $5,000 in monthly revenue, plus invoices from creditworthy customers. Partner products have their own requirements, and we use a soft pull only when you apply with us.
Put your invoices to work
Talk to a representative about invoice financing, or ask about our Direct merchant cash advance with offers usually in 1 to 5 hours.
Apply NowCall 1-866-737-6278 (866-Re-Smart)Brokers and ISOs: become a partner.
All funding is subject to underwriting and approval. Amounts, rates, factor rates, fees and timing vary by applicant, product and transaction. Products offered through partners are provided by those partners under their own terms. A merchant cash advance is not a loan. Some states require written commercial financing disclosures, see funding by state and transparent terms. Smart Business Funding® is a registered trademark (U.S. Reg. No. 7,637,151).
