Our Services
Questions About Invoice Factoring
What Is Factoring?
Invoice factoring is the purchase of accounts receivable for immediate cash. Factoring provides companies the power to guarantee of growth without diluting equity or incurring debt. Learn more about What Is Invoice Factoring?
What Types of Businesses Do You Factor?
Lily Pad Financial serves a full spectrum range of industries, including trucking, temporary personnel agencies, printing companies, manufacturers, wholesalers, and many service industries such as janitorial and armed guard services. Any company that sells a product on terms not exceeding 60 days can use invoice factoring. Learn more about Our Services
What is the average Client Size Lily Pad Financial Serve?
Lily Pad Financial serves businesses from start-up to $2 Million in monthly sales. Review our client testimonials.
Lily Pad Financial restricted offering due Client’s location?
No. Lily Pad Financial provides offerings to clients in all 50 states and Canada.
What About The Location of The Client's Customers?
Lily Pad Financial purchases credit-worthy invoices anywhere in the United States and Canada.
What are the Benefits of Financing Through an Invoice Factoring Service?
Invoice factoring services and freight factoring services, unlike small business loans, allow you to obtain business financing without debt by selling your accounts receivable. Convert idle receivables to working capital for marketing, payroll funding, supplier discounts and more. Learn more about the advantages of factoring service.
Does Lily Pad Financial provide References From Existing Clients?
Yes, we are willing to provide references once your firm has submitted a completed application package.
Types of Factoring
How can freight bill factoring help a small to mid-size trucking business?
“Bill of lading factoring” or a freight bill factoring service, such as Lily Pad Financial creates working capital from your accounts receivable. Learn more about Freight Bill Factoring.
What is accounts receivable factoring?
Business owners are not always able to control how cash flows in and out of a business. One aspect that can be especially challenging in this regard is waiting for customers to pay invoices. Expecting timely payments from customers that have been delaying for weeks or even months to pay can really harm your company’s cash flow, especially during slow business cycles. Accounts receivable factoring is one of the best solutions to remedy this problem. Learn more about accounts receivable factoring.
Which is more beneficial? Factoring invoices or an accounts receivable line of credit?
An accounts receivable line of credit and a non-recourse invoice factoring line both provide companies small business financing by converting accounts receivable to cash. An AR line of credit is a loan secured by accounts receivable as collateral, whereas non-recourse invoice factoring is an outright purchase of accounts receivable for cash. Learn more about these types of finance options for business.
How can Lily Pad Financial help with my business’ payroll funding?
Lily Pad Financial offers payroll funding and added cash flow through accounts receivable factoring and payroll factoring. By deciding on this type of small business financing versus a small business loan, you are allowing more cash flow into your business without adding debt. Learn more about payroll funding for businesses.
Is Lily Pad Financial able to assist me increase my business capital?
As an accounts receivable finance company, we generate business capital and payroll funding for our clients by purchasing their invoices for immediate cash. Through invoice factoring and freight bill factoring, you can transform your inactive assets into working capital. Hundreds of finance brokers bring their clients to Lily Pad Financial to meet their cash flow needs. Learn more about working capital.
Supplementing my business funding is critical to my success; can Lily Pad Financial help me?
Boosting your business funding through invoice factoring, or accounts receivable factoring, is a sure way to improve cash flow and provide working capital for payroll funding and business growth. Invoice funding is an efficient means for small businesses to maximize the use of business capital without increasing debt. Learn more about business funding services.
Does Lily Pad Financial offer business financing services?
Business financing via accounts receivable factoring factoring, bill-of-lad factoring, or payroll factoring is a efficient means of injecting working capital and cash flow without increasing debt. We have been a successful financing business for 10 years by simply purchasing accounts receivables for cash. Learn more about business financing from Lily Pad Financial.
How is it possible to increase my company’s cash flow by employing invoice factoring?
At Lily Pad Financial we combine invoice factoring, business capital finance and credit management, we believe this mix of acumen allows you to extend credit while obtaining cash for your product or service. This working capital tool optimizes cash flow and is usually preferred method when compared to small business loans as a flexible method of small business financing. Learn more about business cash flow support from Lily Pad Financial.
Does Lily Pad Financial offer comprehensive payroll services?
We offer comprehensive payroll services through our affiliates. We can seamlessly streamline the service into our invoice factoring package. Using AR factoring with our payroll processing service, you can acquire a full suite of payroll funding and credit management, with to complement your working capital while you grow your temp staffing company. Learn more about our payroll services.
Application Process
Is there an Application Fee to get this process underway?
No. Lily Pad Financial requires no start-up fees. Click here to Apply Today.
What is the Application process time?
On average, we perform our work between four and seven working days. We are normally able generate preliminary approvals within 24-48 hours via a term sheet that outlines the basic terms of factoring. Stay mindful that there is a verification process that Lily Pad Financial must perform on the invoices that are offered to us for factoring. In some cases, the time required to verify these invoices is the driving factor behind getting the funding in a timely manner. Apply Now.
I am not an established business yet. We have been operating for a few years can we be Approved?
Lily Pad Financial has a strong track record of working with emerging businesses as well as established companies. We have assisted recent start-ups overcome the hurdles of their first-time funding. We have a saying that goes like this; “As long as there are verifiable accounts receivable there is usually away.”
Invoicing and Collections
Must I submit All Of My Invoices for financing?
Absolutely not! You are always free to choose which account receivables to factor. Learn more about What Is Factoring.
Will My Invoices Used As Collateral?
Absolutely. Lily Pad Financial maintains a first position on all invoices while you are factoring. Learn more about What Is Factoring.
Does Invoice Factoring require a minimum time commitment?
Our standard term is six months. However, we can modify the term to customize a fit for the needs of the client. Learn more about What Is Factoring.
Does Lily Pad Financial provide away to access a Real Time Status on Factored Invoices?
Lily Pad Financial Proprietary Online Account Management Platform, L.E.A.P. L.E.A.P allows you to access your complete account securely using the Internet. Ask your Account Executive who will be your direct contact to go over the details.
When I Factor Accounts how will I receive my funds?
Funds are transferred by ATF or wire to your account, send a check through any overnight service or US mail, or you can obtain a check in person.
When Should I Expect The Funds?
Lily Pad Financial funds all authenticated invoices accepted on pre-approved debtors within 24 hours of receipt. If the debtor has not been pre-approved for purchase, we will try to underwrite and fund those invoices as fast as possible, usually within 24 hours as well.
Questions About Merchant Cash Advance
What Is Merchant Cash Advance?
A merchant cash advance delivers a lump sum cash to firms which accept credit or debit cards as a form of payment from their customers. The amount of a merchant cash advance is typically based on the portion of average monthly sales that occur as credit or debit card transactions. A merchant cash advance is repaid automatically by the merchant’s card processor as a small percentage of each debit and credit card transaction until the amount has been repaid, usually over a period of 6-18 months. Learn More about What is a Merchant Cas Advance.
What Types of Businesses Do You Advance?
Lily Pad Financial serves a full spectrum range of industries, including auto repair, food, dentist office, restaurants, trucking, temporary personnel agencies, printing companies, manufacturers, wholesalers, and many service industries such as janitorial and armed guard services. Any merchant that accepts credit or debit cards as a form of customer payment can typically employ a Merchant Cash Advance. Learn more about Our Services.
What is the average Client Size Lily Pad Financial Serve?
Lily Pad Financial serves businesses from 1 year in business, $2,500 in monthly credit card transactions, $50,000+ in annual revenue, 500 minimum credit score. Review our client testimonials.
Lily Pad Financial restricted offering due Client’s location?
No. Lily Pad Financial delivers offerings to clients in all 50 states.
Lily Pad Financial restricted offering due Client's Customers?
Lily Pad Financial purchases credit-worthy invoices anywhere in the United States.
What are the Benefits of Financing Through a Merchant Cash Advance Service?
Merchant Cash Advance services, unlike a small business loans, purchases a percentage of your future credit card sales. When you apply, Lily Pad Financial will look at the credit card receipts of your company to ascertain if you do have the ability to repay the funds based on your daily credit card sales. Learn more about the benefits of a merchant cash advance service.
Specialized Merchant Cash Advance Solutions
How can merchant cash advance assist a small to mid-size trucking business?
A merchant cash advance company, such as Lily Pad Financial creates working capital ACH payments. Our merchant cash advance will be based on your monthly revenues through ACH payments, this small business financing option is perfect for trucking and transportation companies, when freight factoring or traditional financing is not viable option. Business funding begins as low as $10,000 depending on your monthly revenues through ACH payments. The carrier or broker would have to be operating for at least six months supported with bank statements. Learn more about Freight Bill Factoring.
Which is more beneficial? Merchant cash advance or a traditional loan?
A Merchant Cash Advance versus a traditional loan, both provide companies small business financing. A merchant cash advance, from Lily Pad Financial provides merchants with quick access to capital at a higher cost and ease of approval. Whereas a traditional loan are less expense, much more difficult to obtain, and the credit approval process very cumbersome. Learn more about these types of finance options for business.
Application Process
Does Lily Pad Financial require an Application Fee?
No. We boast about our no start-up fees. Click here to Apply Today.
What is the Application process time?
On average, we perform our work 24 hours. We are normally able generate preliminary approvals within 24-48 hours. We must have all required documentation for our verification process that we must perform on all bank statements and or credit card statements. In some cases, the time required to verify these credit card or bank statements are the main issue for delays in funding in a timely manner. Apply Now.
We are not an established business yet. But we have been operating profitably for less than a year can we be Approved?
While it is tough to get approved with being in business less than a year. We have funded companies who have been in business for 6 months.
Invoicing and Collections
Does Merchant Cash Advance require a minimum time commitment?
Our standard term is six months. However, we can modify the term to customize a fit for the needs of the client. Learn more about What Is a Merchant Cash Advance.
how will I receive my funds?
Funds are transferred by ATF or wire to your account, send a check through any overnight service or US mail, or you can obtain a check in person.
When Should I Expect the Release of Funds?
Lily Pad Financial funds all authenticated invoices accepted on pre-approved debtors within 24 hours of receipt. If the debtor has not been pre-approved for purchase, we will try to underwrite and fund those invoices as fast as possible, usually within 24 hours as well.
Questions About Purchase Order Financing
What Is Purchase Order Financing?
Purchase order, or “PO financing” is an arrangement where a third party agrees to give a supplier enough money to fund a customer’s purchase order. Learn more about What Is PO Financing
What Types of Businesses Do You PO Finance?
Lily Pad Financial serves a full spectrum range of industries, distributors, outsourcers, resellers, wholesalers, businesses with heavily seasonal sales patterns. Businesses with extremely tight cash flow and a need to purchase materials before fulfilling orders, and many service industries such as janitorial and armed guard services. Learn more about Our Services.