Professional services: how is the wait financed?
A practice, an agency or a services firm is presented from the fees that reach the account. The lender reads those deposits, and decides.
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- With no stock and no heavy equipment, what does the lender read?
- The fees collected, month by month, and how regular they are. A services firm’s file rests first on its deposits.
- My clients pay on terms: what can be done?
- If your clients are businesses or public bodies, factoring finances the invoices for delivered work. Otherwise, revenue-based financing can be presented from your deposits.
- Can a hire or a new contract be financed?
- Yes, as working capital: salaries are paid before the client is invoiced. The lender sets the amount in its written offer.
- The gap comes back from one billing to the next: what fits?
- A line of credit can be presented for a need that comes back, if the file supports it. Lenders usually reserve it for businesses with a longer history and a stronger credit score.
What the lender looks at
- Actual deposits, month by month
- The fees collected, not the hours billed.
- Trend over the period
- Recurring revenue shows as regular deposits.
- Days in overdraft
- An overdraft between payroll and the collection of invoices shows in the account.
- How long the business has been operating
- A recent firm can still be presented; the lender sets its thresholds.
$0 upfront · 7% only if funded
An intermediary, not a lender.
The lender sets the final amount and its cost in its written offer.
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