This is a financing option that allows businesses to receive early payments on their outstanding invoices.  This allows companies to us their funding at their own pace. This helps improve business investments.

This is a preferred option for the business because of the flexibility.  They have fast approval, flexible credit, and minimal paperwork. But they also come with high interest rates, invoices are needed as proof collateral, and their approval rates are low.

The best way to describe it is when a borrower leverages their assets to receive financing. This is when the money that is owed from your customers can help you to qualify for a loan.

At NYTG, we want to be the best lender for you. We believe in getting you the best deal for your business. 

It’s important to have a healthy business overall. A good credit score is important but it is not the major key to making or breaking your approval rate for an invoice.

Filling out our online application  only takes 5 minutes and we can find you the best options from there. If you’d like to give us a call and speak to one of our representatives, we’d be happy to answer any questions you may have. 

We ask that you have the numbers for your credit score, length in business, and monthly revenue ready to go. These are the major factors we consider when making our decision.  

Meeting minimal requirements still gives you a likely chance.