HOW INVOICE FACTORING WORKS.
WHAT WE OFFER.
HOW WE COMPARE.
|Source||Funding Size||Interest and Fees||Process|
|Harper Partners||$25k – $5mm||1.0% – 3.0% per month, paid only when invoice is paid by your customer||No minimum operating history required. Credit lines set up within 2-5 business days. Once set up, funds reach your account within 24 hours|
|Banks & SBA’s||Typically over $1mm||Annual interest rates starting at 5%||Low approval rate for small businesses – require 3 years of operating history and profitability. Process can take months|
|Equity Investors||$50k to well over $1mm||Angels and VCs underwrite to 5x-20x returns, significantly diluting your ownership, and taking seats on your company’s board||Months of fundraising, negotiation, and diligence. Occupies significant company time and resources|
|Cash Advance Lenders||Up to $250k||Annual Percentage Rates (APRs) regularly exceed 100%. Payback drawn daily from bank account regardless of when your customers pay you||1-7 days for diligence and funding. Typically paid back daily within 6-9 months|