Factoring for Small Business | Lendr

Choose the Right Payroll Financing Service for Your Needs

Are you interested in full or partial-service financing? Rates vary based on the extent of the services you choose.


Full-Service Financing

Get money quickly and improve your immediate cash inflow.

• You Receive the Full Invoice Value

• Fees from 2% to 3.5%

Partial-Service Financing

Let us assist with a smoother cashflow and financial planning.

• You Receive a Portion of Invoice Value

• Fees start as low as 0.5%

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Select Your Preferred Terms

Work with one of our financing reps to select the terms that are right for you based on your operations, aging report, and qualifying factors. The Lendr team can help you explore your options and select the most desirable terms.

• Terms 18 – 24 months (Auto-renewal option included)

• Payment Periods Net 30 – Net 47

• Most Common Offer – 2% Net 30


Work With an Industry Expert

Lendr has experience financing for many industries, so let’s see how we can help your business. Even if you are not in one of the industries below, we can certainly assess your business’ needs and see what financing options are available.

Some of the Industries We Serve

Medical | Oil & Gas | Staffing | Logistics

See If Financing is Right for Your Business

Payroll Financing is a financial transaction and type of asset-based funding opportunity that allows you to sell your accounts receivable (i.e., invoices) to a financing company at a discount. Payroll Financing is great because you can quickly access funds that normally would take your business a long time to collect.

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Frequently Asked Questions

Click the questions below to see the answers to our typically asked questions.

To get started with a factoring agreement with Lendr, here’s what you’ll need:

  1. Application
  2. Updated aging report (AR)
  3. 2 years of most recent business and personal tax returns
  4. 1 month of business bank statements

Throughout the application process, you will need to collect and submit several documents to your Lendr account manager.

  1. Completed application for all majority owners
  2. Two years of corporate tax returns and two years of personal tax returns for all majority owners
  3. Copy of driver’s license for all majority owners
  4. Articles of Incorporation for the company and the Operating Agreement
  5. Workers Compensation Certificate
  6. Financial statements for Year-End of the past calendar year
  7. YTD AR Aging, YTD PL, YTD Balance sheet
  8. Voided check for ACH deposits
  9. A copy of any current invoicing

We will keep your approved application on file for 90 days. After that, you will need to reapply with updated documents to receive new financing approval.

An aging report (AR) is a document that lists unpaid customer invoices and unused credit memos by date ranges. The primary purpose is to keep track of unpaid customer invoices and the number of days they have been outstanding (i.e. overdue for payment).

No. Neither the business nor the financier acquire or issue debt as part of a factoring agreement.

Payroll Financing and asset-based lending are similar in that your assets are utilized to help you get funding right away.

With both commercial asset-based lending and personal asset-based lending, you get to keep your assets. Then, it is your responsibility to collect invoices and pay back the asset-based loan as agreed in your terms and conditions. Asset-based lending is more like an equity line of credit or term loan from an asset-based lending bank.

Payroll Financing is a “buy-out.” You are not responsible for the collection of the invoices you sell. Instead, we purchase them from you at a small discount and then collect the funds from your clients and customers.

Interested in Payroll Financing for Your Business?