Learn more about common financial (and startup) terms here. To learn more about Pilot, fill out the form below.
Accounts receivable loans, also known as invoice financing or factoring, are a form of short-term borrowing where a business sells its outstanding invoices to a lender in exchange for immediate cash.
The process starts when a business provides goods or services to a customer on credit. The lender advances a significant percentage of the invoice amount (typically 80-90%), and the business gets immediate cash instead of waiting for the customer to pay. Once the customer pays off the invoice, the lender remits the remaining balance to the business, deducting a fee for the service. This type of financing can help businesses improve their cash flow, pay employees, reinvest in operations, and more.
Pilot provides bookkeeping, CFO, and tax services for literally thousands of startups and growing businesses. We've successfully processed over 10 million transactions for our customers and have unparalleled expertise when it comes to helping businesses succeed.
We're the largest startup-focused accounting firm in the United States, and we'd love to help you. To talk to an expert on our team and find out what Pilot can do for you, please click "Talk to an Expert" below, or email us at [email protected].
Get the peace of mind that comes from partnering with our experienced finance team.