A useful distinction: invoice funding or administration?
If a customer pays in 60 days but the business needs cash to deliver its next order, factoring may be a route to review. The assessment considers the invoice, customer, evidence of delivery, disputes and the agreed funding structure.
A typical funding structure may involve an initial advance and a remaining balance, less agreed fees, after the customer pays. The advance, reserve, fee and timing are confirmed in the agreement.
If the need is better aging reports, reconciliation and follow-up rather than an advance, explore accounts receivable administration as a separate service.
Detailed description
The 37D Invoice Factoring and Accounts Receivable Funding option is designed for businesses that issue invoices to customers and want faster access to cash instead of waiting 30, 45, 60, or 90 days for customers to pay.
This option may be suitable for new or existing businesses, transportation companies, freight brokers, staffing companies, service businesses, suppliers, manufacturers, wholesalers, and other companies that generate invoices from completed work, delivered products, or completed services.
Potential uses include
- Improving cash flow
- Getting paid faster on completed invoices
- Paying carriers, vendors, fuel, payroll, or suppliers
- Reducing collection workload
- Reducing bad debt risk
- Supporting growth without waiting for customer payments
- Taking on larger jobs or contracts
- Managing seasonal cash flow
- Replacing slow receivable cycles with faster working capital
- Supporting transportation, freight, logistics, and service-based businesses
Potential qualification factors may include
- Current accounts receivable
- Monthly factoring volume
- Number of active customers
- Customer credit strength
- Invoice quality
- Whether products or services have been fully delivered
- Whether invoices are already pledged elsewhere
- Terms of sale
- Business formation documents
- Photo identification
- Current AR aging report
- Customer payment history
- Industry type
- Tax, lien, and banking status
- Prior factoring history, if applicable
How invoice factoring generally works
- The business completes the work, delivers the product, or completes the service.
- The business issues an invoice to its customer.
- The invoice is submitted for review and verification.
- If approved, an advance may be provided against the invoice, allowing the business to receive cash faster.
- The customer pays the factoring company.
- After the customer pays, the remaining reserve balance is released back to the business, less applicable fees.
This option may help businesses improve cash flow without taking on a traditional term loan. It may also reduce administrative workload because some factoring programs include accounts receivable management, customer credit checks, invoice mailing, collections support, online systems, and dedicated account executives.
Product fit at a glance
- Best fit
- Businesses with invoices
- Typical review focus
- Customer credit and invoice quality
- Guide notes
- May improve cash flow without traditional debt.
For businesses that issue invoices and need faster cash flow, 37D Invoice Factoring and Accounts Receivable Funding may be a possible fit.
Funding process and document preparation
Requirements depend on the product and provider. Do not send every document below by default; the team will confirm what your file needs.
How the funding process works — all eight steps
Step 1: Complete the 37D Capital intake form
The applicant completes the intake form with basic information about the business, funding need, requested amount, use of funds, timeline, industry, credit estimate, revenue, collateral, property information, purchase order information, inventory information, asset details, or invoice details, depending on the funding request.
Step 2: Initial pre-screen
37D Capital reviews the applicant’s business profile, funding request, funding purpose, time in business, revenue, industry, credit estimate, available collateral, receivables, customer base, real estate ownership, property information, investor experience, purchase orders, inventory, assets, and intended use of funds.
Step 3: Credit review or prequalification
If the file appears potentially eligible, the applicant may be asked to complete a credit authorization, provide a recent credit report, or complete a soft-pull or prequalification step. This helps determine which funding options may be realistic before additional time is spent collecting documents or submitting the file.
Step 4: Product matching
Based on the applicant’s credit profile, revenue, business history, collateral, funding purpose, property type, real estate experience, liquidity, accounts receivable, purchase orders, inventory, customer strength, asset value, and documentation, 37D Capital identifies potential funding options through its capital network.
Step 5: Document collection
Required documents may include bank statements, identification, ownership verification, business documents, credit reports, property information, purchase agreements, appraisals, leases, rent reports, insurance, entity documents, construction budgets, contractor documents, real estate schedules, tax documents, financial statements, accounts receivable aging reports, invoices, customer lists, purchase orders, supplier quotes, inventory lists, equipment invoices, asset valuations, or other underwriting materials.
Step 6: Submission to the appropriate funding provider or partner
Once the file is complete, 37D Capital may submit the opportunity to the appropriate funding provider, lender, broker, factor, leasing company, funder, or capital partner for review.
Step 7: Offer review
If one or more options are available, the applicant reviews the funding amount, cost, terms, repayment structure, fees, conditions, collateral requirements, closing requirements, customer verification requirements, and provider requirements.
Step 8: Closing, verification, and funding
If the applicant accepts an offer and completes all conditions, the funding provider completes final verification, closing, and funding steps.
Common documents that may be requested — full checklist
- Completed intake form
- Business funding application
- Photo identification
- Business bank statements
- Personal or business credit report
- Business formation documents
- Articles of organization or incorporation
- Operating agreement or bylaws
- EIN documentation
- Proof of ownership
- Purchase and sale agreement
- Appraisal or valuation
- Property insurance
- Lease agreement
- Market rent report
- Schedule of real estate owned
- Contractor information
- Contractor license
- Contractor insurance
- Construction budget
- Construction plans
- Permits
- Proof of liquidity
- Tax documents or financial statements
- Existing mortgage or debt statements
- Payoff statements
- Factoring application
- Current accounts receivable aging report
- Customer list
- Sample invoices
- Proof that goods or services were delivered
- Existing factoring information, if applicable
- Banking information
- Tax information
- Insurance information
- Transportation details, if applicable
- Motor carrier number, if applicable
- Number of trucks, if applicable
- Customer payment terms
- Confirmation of whether receivables are pledged elsewhere
- Recent merchant processing statements, if applicable
- Purchase orders
- Supplier quotes
- Customer contracts
- Customer credit information
- Proof of delivery or fulfillment process
- Inventory list
- Dealer license, if applicable
- Equipment invoices
- Vendor quotes
- Asset ownership documents
- Equipment titles, if applicable
- Serial numbers or VINs
- Appraisals or equipment valuations
- Proof of insurance
- Payoff statements for existing liens
- Business financial statements
- Existing debt schedules
- Use-of-funds explanation
- Grant or incentive program materials
- Business acquisition letter of intent or purchase agreement
- Franchise disclosure documents
- Commercial leases and rent rolls
- Environmental or property reports
- IP or patent documentation
- Investor deck or private placement materials
- Customer proposals or vendor financing documents
- Tax authority correspondence, if applicable
- Other underwriting documents requested by the funding provider
Compare all 40 funding products and read the full process guide →
Important funding disclosures
37D Capital is not guaranteeing approval, funding amount, rate, term, cost, offer availability, closing, or timing. Funding options may be provided by third-party lenders, brokers, funders, factoring companies, leasing companies, capital providers, referral partners, or other financing sources. All programs are subject to underwriting, documentation, credit review, eligibility, collateral review, receivables review, property review, customer verification, supplier verification, inventory review, asset review, provider approval, applicable laws, and market conditions.
37D Capital may receive compensation, referral fees, broker compensation, commissions, or other payments from funding providers, lenders, brokers, factoring companies, leasing companies, or partners where permitted.
Applicants should carefully review all terms, fees, repayment obligations, closing costs, rates, factoring fees, advance rates, reserves, factor rates, holdbacks, collateral obligations, customer payment requirements, leasing payments, repurchase options, and conditions before accepting any funding offer.
Submitting an intake form does not create a lending commitment, advisory relationship, fiduciary relationship, approval, or guarantee of funding.
Before you enquire
Is this suitable for my business?
Share your location, intended use and timing. The team confirms suitability, availability and the proposed scope before an engagement.
How do I get pricing?
Use the pricing enquiry with fast-track code P10004. Tell us the scope, location, expected usage or funding need and timing so the team can review the relevant costs and terms.
What happens after I enquire?
The team reviews your context and the selected service, then agrees a useful next step: information, a conversation, pricing or a partner discussion. An enquiry does not book a call or create a purchase commitment.
Who we work with
37D excludes cannabis businesses, businesses with 51% or more of sales from alcohol, gaming businesses and businesses involving nudity from its services and acquisitions. All alcohol products are excluded from sourcing and trade. Higher Ground beverage supply to casino customers is a limited exception to the gaming-business exclusion; it does not extend to gambling operations, financing or acquisitions.
Connected services for the next step
Your requirement may cross more than one division. Explore a relevant pathway or ask our team to help define the right scope.
Let’s work through your situation.
Tell us the business, the challenge, your location and the outcome you want. A short non-confidential introduction is enough to begin. We can agree the next conversation before you prepare a larger proposal.
Request a call →Ask about scope and pricing, partnership opportunities, or relevant case studies and testimonials where available. Availability, delivery and fees are confirmed before engagement. A call request is not an instant appointment booking.
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