Invoice financing, matrix ranked

Invoice financing scored on advance rate, not just on speed

Invoice financing turns money you are already owed into cash today, rather than adding new debt to the business. We scored every lender here on how much of the invoice value they actually advance, how they price the wait, and how quickly the money moves.

Compare lenders now No hard credit pull to compare
No credit score impact
Under two minutes
Verified lender network
Manually
verified
2026
At a glance
Advance rateUp to 95%
Funding rangeBased on your receivables
Typical fee1% to 5% per 30 days
Fastest funding24 to 48 hours
Figures reflect qualified borrowers and update monthly. Last checked September 2026.
Ranked and updated monthly

This month's top rated invoice financing lenders

01 Fundivi Top Rated $10K – $5M Same Day 4.8

Runs no credit check at all and approves almost entirely on monthly revenue, with decisions landing in as little as three hours.

Strengths
  • Approval based on revenue, not a credit pull
  • Decisions typically land within three hours
  • Matches or beats a competing offer on request
Tradeoffs
  • Needs at least $30,000 in monthly revenue
  • Working capital pricing costs more than a bank loan
Loan amount
$10K – $5M
Funding speed
Same Day
Min credit
None
Monthly revenue
$30K+
Visit Fundivi
02 Lendio Largest Lender Network $1K – $5M 24 hrs – Weeks 4.1

One of the largest business loan marketplaces, matching applicants to over 75 lenders across term loans, lines of credit, equipment, and SBA financing.

Strengths
  • 75+ lender network, the largest here
  • One application, 15 minutes
Tradeoffs
  • Matching can take up to 72 hours
Loan amount
$1K – $5M
Funding speed
24 hrs – Weeks
Min credit
560+
Monthly revenue
$8,000+
Visit Lendio
03 SBG Funding Low Revenue Bar Pick $5K – $5M Same Day 4.1

A two minute application and a ten thousand dollar monthly revenue floor make this an accessible option for smaller businesses.

Strengths
  • Same day funding with a two minute application
  • Low $10,000 monthly revenue requirement
  • No origination fee
Tradeoffs
  • Cash advance pricing runs higher than other products
  • Larger requests may need extra documentation
Loan amount
$5K – $5M
Funding speed
Same Day
Min credit
500+
Monthly revenue
$10K+
Visit SBG Funding
04 Biz2Credit Largest Loan Ceiling $50K – $6M 24–72 Hours 4.2

Goes up to six million dollars through commercial real estate backed loans, the highest ceiling in this matrix.

Strengths
  • Application takes as few as four minutes
  • Access to up to $6M through secured loans
  • Includes a business credit score review
Tradeoffs
  • Larger loans need $250K plus in annual revenue
  • Underwriting fee charged at time of funding
Loan amount
$50K – $6M
Funding speed
24–72 Hours
Min credit
650
Monthly revenue
$10K+
Visit Biz2Credit
05 Fundbox Fastest for Newer Businesses $1K – $150K Same / Next Day 4.3

An AI underwritten line of credit built for newer businesses, connecting to your accounting software for fast, low document underwriting.

Strengths
  • Accepts just 3 months in business
  • Decisions in as little as 3 minutes
  • No origination or draw fees
Tradeoffs
  • Credit limit capped at $150K
Loan amount
$1K – $150K
Funding speed
Same / Next Day
Min credit
600+
Monthly revenue
$30K+
Visit Fundbox
06 Fundera Marketplace Pick $2.5K – $5M 1–7 Days 3.9

Matches applicants to a curated set of partner lenders across term loans, lines of credit, SBA, equipment, and invoice financing through one soft pull application.

Strengths
  • Soft credit check only to compare offers
  • A+ BBB rating, backed by NerdWallet
  • Five loan types under one application
Tradeoffs
  • Smaller partner network than larger marketplaces
Loan amount
$2.5K – $5M
Funding speed
1–7 Days
Min credit
600
Monthly revenue
$8K+
Visit Fundera

Compare invoice financing lenders side by side

6 lenders compared on rate, speed and eligibility. Sort the matrix by what matters most to your business, or use the shortcuts below.

Lender Rating Funding speed Min monthly revenue Min credit score Actions
Fundivi
 4.8 / 5 Same Day $30K+ No minimum View more
Lendio
 4.1 / 5 24 hrs – Weeks $8,000+ 560+ View more
SBG Funding
 4.1 / 5 Same Day $10K+ 500+ View more
Biz2Credit
 4.2 / 5 24–72 Hours $10K+ 650+ View more
Fundbox
 4.3 / 5 Same / Next Day $30K+ 600+ View more
Fundera
 3.9 / 5 1–7 Days $8K+ 600+ View more

Gold badges mark the strongest figure in each column. Figures reflect published lender terms and are checked monthly. Apply directly with the lender you choose; this page connects businesses to third party lenders and does not itself underwrite or fund loans.

Reviewed by the CompareBusinessLoansOnline editorial team
Lender terms checked monthly against publicly published rates and lender disclosures. Last reviewed September 27, 2026.
6 lenders tracked Updated monthly Independent scoring
60+
Lenders reviewed and scored
95%
Maximum advance rate tracked
2 min
Average time to compare
In plain terms

Why invoice financing is not really a loan in the usual sense

Invoice financing, sometimes called factoring, unlocks cash that is already owed to your business rather than adding new debt. Instead of waiting thirty to ninety days for a client to pay an outstanding invoice, a lender advances most of that value upfront, often eighty five to ninety five percent, and collects the remainder once the client actually pays, minus a fee. Because the underlying security is the invoice itself, and by extension your client's creditworthiness, this is one of the more approachable financing categories for businesses with a thinner personal credit file but a reliable book of B2B customers.

How invoice financing actually works

1

Submit outstanding B2B invoices for review

Lenders evaluate the invoice itself and the creditworthiness of the client who owes it, which matters more here than your own credit score.

2

Receive an advance against the invoice value

Once approved, most of the invoice value lands in your account, commonly eighty five to ninety five percent, often within a day or two of submission.

3

The remainder arrives once your client pays

When the client settles the invoice, the lender releases the remaining balance to you, minus its fee, closing out that specific advance.

Cost by invoice financing structure

Structure
Typical cost
Best suited for
Invoice factoring
1% to 5% per 30 days
Businesses comfortable with the lender collecting from clients directly
Invoice discounting
Similar fee range, more discreet
Businesses that prefer to keep collections in house
Selective invoice financing
Priced per invoice
Businesses that only want to advance specific large invoices

Ask whether the arrangement is recourse or non recourse. With recourse factoring, your business remains responsible if the client never pays. With non recourse factoring, the lender absorbs that risk in exchange for a higher fee. Knowing which one you are signing matters more than the headline advance rate.

Worth knowing

Because the fee is tied to how long the invoice takes to get paid, invoice financing rewards businesses with reliable, prompt paying clients. A client that consistently pays in fifteen days will cost meaningfully less to finance than one that regularly stretches to sixty or ninety days, even under the same lender and the same stated rate.

550+Typical minimum credit score
2 minTo compare lenders here
24 to 48 hrsTypical funding speed
Before you apply

What actually determines your invoice financing terms

Unlike most financing on this network, your own credit score plays a smaller role here than the creditworthiness of the clients who owe you money. Understanding what lenders actually weigh helps set realistic expectations.

01

Your client's credit matters more than yours

Because the lender is essentially purchasing the right to collect on the invoice, the paying client’s payment history and financial standing carry significant weight in underwriting.

02

Faster paying clients mean lower fees

Since the fee typically accrues for every thirty day period the invoice remains unpaid, clients who settle quickly directly reduce the total cost of financing that invoice.

85% to 95%

Advance rates on invoice financing typically fall between eighty five and ninety five percent of the invoice value, with the remainder held back as a buffer against short payments, disputes, or delays until the client actually settles the balance.

Clarify whether the arrangement is recourse or non recourse. Recourse financing leaves your business on the hook if a client never pays.

Ask who actually contacts your client for payment. Factoring typically involves the lender collecting directly, which some businesses prefer to avoid.

Understand how the fee compounds over time. A fee charged per thirty day period can grow meaningfully if a client’s payment stretches past that window.

Confirm whether you can select individual invoices or must commit your entire receivables ledger. Selective financing offers more control over which invoices to advance.

Why the arrangement type matters

Who collects, and who carries the risk, changes the deal

Invoice financing comes in a few distinct structures, and the difference between them is less about the advance rate and more about who is responsible for collecting and absorbing risk.

Recourse factoring

The lender collects directly from your client, but your business remains responsible if the invoice ultimately goes unpaid. Typically the lowest cost option.

Non recourse factoring

The lender absorbs the risk of a client not paying, in exchange for a higher fee. Best for businesses wanting to offload that risk entirely.

Invoice discounting

Your business retains control of collections, keeping the financing arrangement discreet from your clients. Best for businesses protective of client relationships.

Pick your structure

Three invoice financing structures, compared

Each structure changes who collects from your client and who absorbs the risk if an invoice never gets paid. That distinction matters as much as the advance rate itself.

01

Invoice factoring

Most common

The lender purchases the invoice and collects payment directly from your client, advancing most of the value to you upfront. Straightforward and widely available, though your client will be aware a third party is involved.

Up to 90%Advance rate
550+ scoreTypical minimum
24 to 48 hrsTypical funding
02

Invoice discounting

Most discreet

You retain responsibility for collecting from your client while the lender advances funds against the invoice in the background, keeping the arrangement invisible to your customers.

Up to 90%Advance rate
600+ scoreTypical minimum
1 to 3 daysTypical funding
03

Selective invoice financing

Most control

Rather than committing your entire receivables ledger, you choose which specific invoices to advance, which fits businesses that only occasionally need to accelerate cash flow.

Priced per invoiceAdvance rate
550+ scoreTypical minimum
24 to 48 hrsTypical funding
Questions answered

What owners ask before financing invoices.

Straight answers on eligibility, fees, and how the collection process actually works.

How is invoice financing actually different from a traditional loan?

A traditional loan adds new debt to your balance sheet, repaid over a set schedule regardless of how your business performs. Invoice financing instead advances money against revenue you have already earned but not yet collected, which means it does not function as new debt in the same way. The lender is essentially purchasing the right to collect on an invoice, or advancing against it, rather than lending you fresh capital, which is part of why the underwriting looks so different from a standard business loan.

Less than almost any other financing type on this network. Because the underlying security is the invoice and, more specifically, the creditworthiness of the client who owes it, many invoice financing lenders accept credit scores as low as the mid 500s, and some do not weigh personal credit heavily at all. What tends to matter more is whether your clients are established businesses with a track record of paying invoices on time.

Most lenders charge a fee somewhere between one and five percent of the invoice value for every thirty day period the invoice remains outstanding. A client who pays within fifteen days will typically cost less to finance than one who takes sixty days, since the fee generally scales with time. Comparing the total fee across the expected payment window, rather than just the advance rate, gives the clearest picture of actual cost.

Among the fastest financing types available, often landing in twenty four to forty eight hours once the invoice and client information are submitted and verified. Some lenders can move even faster for repeat clients whose creditworthiness has already been established through a prior advance. The remaining balance, after the advance, is released once your client actually settles the invoice.

It depends on the structure. Traditional invoice factoring typically involves the lender collecting payment directly from your client, which means your client will be aware a third party is involved. Invoice discounting works differently: your business retains responsibility for collections, keeping the arrangement discreet and largely invisible to your customers. Businesses protective of client relationships often lean toward discounting for that reason, even though the underlying economics are similar.

It depends on whether the arrangement is recourse or non recourse. With recourse financing, the more common and lower cost structure, your business remains responsible for repaying the advance if the client ultimately does not pay. With non recourse financing, the lender absorbs that risk directly, which is reflected in a higher fee for that added protection. Clarifying which structure you are agreeing to matters more than the advance rate when weighing the real risk involved.

Your next move

See which invoice financing lenders fit your receivables.

Answer a few questions once and get matched against the lenders in this comparison, with no obligation to accept any offer.

Compare lenders now Review our method