Lending backed by expert advice.
How does it work?
Invoice factoring with Grant Harbor can be summarized in three simple steps.
Your Company provides goods or services to creditworthy customers and then invoices them with a copy sent to Grant Harbor.
Grant Harbor verifies the invoices and funds your business with an immediate cash payment of 70%-95% of the invoice amount providing it with critical working capital to meet payroll and pay vendors or other expenses without waiting days, weeks or months for receipt of the customer payment.
Customers make payments directly to Grant Harbor according to the terms of the invoice, and Grant Harbor returns the balance of the paid invoice to you minus a fee for our services and to compensate us for the risk of non-payment.
How do I get started and what is involved?
To get started, simply fill out the quick and easy application on the left-hand side of this page. Once we receive your application, it will be reviewed immediately and an executive will contact you to discuss your financial needs and goals.
If your business is a good prospect for accounts receivable financing we will submit your package to our underwriting team for a more detailed review. Once our underwriting team approves we will issue a proposal to begin factoring your customer invoices on an ongoing basis. Upon acceptance of our proposal, our underwriting team will perform additional due diligence and closing documents will be issued.
Once you have executed the closing documents, you can begin submitting invoices for funding. Our underwriting and account servicing teams will prepare for the initial funding by notifying your customers of the assignment and verifying the validity of the invoices.
When verifications are complete you will get the funding you need and can submit future invoices to meet your ongoing working capital needs.