Do you buy my invoices?

This page is about working capital that bridges the wait. Describe your situation in the application.

Does a large customer's late payment hurt my application?

Your bank statements and FICO 500+ score are considered. Explain the late payment in your application.

Should I stop working for a late-paying customer?

Often it is prudent to pause new work until the old invoices are paid. Consider your contract and consult an attorney if needed.

Waiting on Unpaid Invoices: NY Funding

Age your receivables

List every unpaid invoice with its amount, due date and how many days late it is. Then group them.

Bucket	What it usually means	Action
Not yet due	Normal payment terms	Plan cash around the due date
1 to 30 days late	Often an approval or processing delay	Send a friendly reminder, confirm receipt
31 to 60 days late	Possible dispute or a customer's cash trouble	Call the person who approves payment
Over 60 days late	Risk of non-payment	Escalate; consider stopping new work

Collect before you borrow

Call, do not only email. A person who hears your voice is more likely to move your invoice.
Ask exactly when the payment will be released and who must approve it.
Check that the invoice matches the purchase order and was sent to the right address.
Offer a small, specific incentive only if you can afford it.

For many businesses, one or two collection calls shrink the gap more than any funding could.

Who pays slowly in New York

Large institutions, property managers, contractors waiting on their own clients and government-related buyers often pay on a cycle of thirty days or more, and some stretch longer. Small businesses selling to them are common across the state, from design and catering to trades and staffing. If a customer's payment cycle is predictable, you can plan around it. The problem comes when one customer is a large share of sales.

An illustration, with invented figures

A print and signage shop completes $50,000 of work for a property manager on net-forty-five terms. It paid $28,000 for materials and labor and has $9,000 of payroll each week. For the first six weeks the shop is out of pocket, then it receives the full $50,000. Funding that covers the interval, sized to the actual gap, is a bridge. These round numbers are for illustration and are not our terms.

Prevent the next wait

State payment terms on every quote and invoice, in plain words.
Ask for a deposit on large jobs so you are never fully out of pocket.
Invoice the day the work is done, not at month's end.
Keep a running aging list and review it every Monday.

Owners who do these four things tend to find the gap smaller, even when customers are still slow.

What we can tell you

We fund $25,000 to $5,000,000, funded in as little as 24 hours. FICO 500+ is considered. We typically review about three months of business bank statements, and deposits from the same customer arriving late are visible there. We do not require tax returns, the credit pull is soft, the application takes about five minutes, and sole proprietors can apply. Start at the application page.

Funding While Waiting on Unpaid Customer Invoices in New York