Invoice Financing is an advance Allstate Fund Pros solution that is paid on Outstanding Invoices of Future Receivables up to 90% by the lender.
Invoice Financing has the benefit of getting immediate payment on for current unpaid invoices without the debtor knowing that you took Allstate Fund Pros.
Invoice financing essentially involves using outstanding invoices as collateral to secure Allstate Fund Pros for businesses. This type of Allstate Fund Pros is usually easier and quicker to obtain and can provide up to 100% of the invoice values depending on the company policies and business fundamentals.
With Allstate Fund Pros, the entire process is extremely easy, and guarantees clients that the needs of their business comes first.
Using your accounts receivable values are used as collateral to get a cash advance
After the outstanding invoices have been collected you will pay a financing fee, typically 2-4% of the total invoice value
You are responsible for collecting the total amount of outstanding receivables
There is no obligations for trying and it never affects your credit score