Receivables Financing (Factoring)
Flexible commercial real estate financing designed for smaller transactions, owner-users, and investors seeking speed and efficiency.
What is Receivables Financing?
Receivables Financing (also known as factoring) allows businesses to convert outstanding invoices into immediate working capital — without taking on new debt. Instead of waiting 30, 60, or 90 days for customers to pay, you receive an advance (typically 70–90% of invoice value) within 24–48 hours.
How it works: Glovenco’s funding partners purchase your eligible invoices at a small discount (typically 1–5% of face value). Once your customer pays the invoice, you receive the remaining balance minus the factoring fee. There are no fixed monthly payments — the invoice itself is the repayment.
Recourse vs. non-recourse: With recourse factoring, your business remains responsible if the customer doesn’t pay. Non-recourse factoring transfers that credit risk to the factor — at a higher fee. Glovenco structures both depending on your customer base and risk tolerance.
Processed through Gloven Funding — These products are originated through Gloven Funding, Glovenco’s dedicated business financing division. You can also apply directly at glovenfunding.com.
Who this is for:
- B2B and B2G businesses with 30–90 day payment cycles
- Staffing agencies, logistics and freight companies
- Construction subcontractors and general contractors
- Healthcare providers billing insurance companies
- Manufacturers and distributors with large wholesale clients
- Businesses experiencing growth faster than cash flow can support
Key Benefits:
- Immediate cash without new debt on your balance sheet
- Approval based on your customers’ creditworthiness, not yours
- Scales with your business — more invoices means more available capital
- Outsource collections to the factor, freeing your team’s time
- No long-term contracts required in many programs
- Available to startups and businesses with poor credit
- Businesses with outstanding invoices (B2B or B2G)
- Companies experiencing cash flow gaps
- Growing businesses needing working capital
- Contractors, logistics, staffing, and service companies
- Businesses unable to qualify for traditional bank loans
- Immediate access to working capital
- No traditional loan structure or long-term debt
- Approval based on customer credit, not just your business • Improves cash flow predictability
- Improves cash flow predictability
- Scalable with your revenue growth
⭐ Basic Qualification Requirements
🟢 Active business with verifiable invoices
🟢 Creditworthy customers (B2B or B2G)
🟢 Consistent invoicing activity
🟢 Clean accounts receivable aging (preferred)
Common Use Cases
🟢 Cover payroll and operating expenses
🟢 Bridge cash flow gaps between payments
🟢 Fund rapid growth or new contracts
🟢 Purchase inventory or materials
🟢 Stabilize seasonal revenue cycles