Invoice Financing / Factoring at EverBank

EverBank's Invoice Financing (Factoring) solution is designed to help businesses convert outstanding invoices into immediate working capital. Whether you are a growing small business, a mid-market company or a large enterprise facing seasonal demand, extended payment terms, or rapid expansion, our factoring product provides a flexible, reliable way to improve cash flow, reduce days sales outstanding (DSO) and support ongoing operations without taking on long-term debt.

What is Invoice Financing / Factoring?

Invoice financing, commonly known as factoring, is a financial arrangement where a business sells its accounts receivable (invoices) to EverBank at a discount in exchange for immediate cash. EverBank advances a large portion of the invoice value up front and collects payment from your customer. When the customer pays, EverBank remits the remaining balance to you, minus applicable fees and costs. This approach converts credit sales into liquid assets quickly and reliably.

Key Benefits

• Improved cash flow: Convert unpaid invoices into cash within 24–48 hours so you can pay suppliers, staff and invest in growth.
• Predictable working capital: Reduce uncertainty caused by long payment cycles and shorten DSO.
• No new long-term debt: Factoring is based on your receivables, not on balance-sheet borrowing, preserving borrowing capacity and credit lines.
• Credit management support: Gain access to collections expertise and debtor monitoring that helps protect your business from late payments and bad debt.
• Scalable financing: Funding grows with your sales—the more invoices you issue, the more financing you can access.

How EverBank Factoring Works

1. Application and approval: Submit your business details and invoice history. We assess your credit profile and the creditworthiness of your customers.
2. Invoice submission: Upload or submit eligible invoices to EverBank for funding.
3. Advance payment: EverBank advances a percentage of each invoice (typically a large portion of its value) within a short timeframe.
4. Collections and reconciliation: EverBank manages collections and reconciles payments when your customer settles the invoice.
5. Final settlement: After your customer pays in full, EverBank remits the remaining balance to you, minus fees and any reserves.

Types of Factoring Offered

• Recourse Factoring: Lower fees with seller responsibility for uncollected invoices under agreed terms.
• Non-Recourse Factoring: Protection against buyer insolvency, transferring certain credit risks to EverBank (subject to underwriting and eligibility).
• Selective or Spot Factoring: Finance individual invoices as needed, offering flexibility for businesses with irregular cash flow needs.
• Full-Service Factoring: Comprehensive solutions including receivables management, credit checks, and collections.

Who Can Benefit?

Invoice financing suits businesses across many industries, including manufacturing, wholesale and distribution, transportation and logistics, professional services, staffing, and business-to-business suppliers. It is particularly useful for companies that:

• Sell on credit terms but need immediate cash to operate
• Experience rapid growth or seasonal demand
• Want to outsource collections or reduce administrative burden
• Prefer financing tied to sales rather than long-term borrowing

Eligibility and Underwriting Criteria

EverBank evaluates several factors to determine eligibility, focusing on the creditworthiness of your customers, invoice aging, industry risk and your business history. Typical considerations include:

• Quality and concentration of receivables (diversified customer base is favorable)
• Payment history and arrears on submitted invoices
• Length of customer relationships and contract terms
• Business registration, financial statements and accounts receivable records

Fees and Pricing Structure

EverBank’s fees are structured to be transparent and competitive. Charges typically include a factoring fee based on the invoice amount and term, and may include servicing fees, due diligence fees, and any reserves or holdbacks. Pricing varies by industry, customer credit risk and chosen factoring arrangement (recourse vs. non-recourse). We tailor fee structures to align with your cash flow needs and growth objectives.

Risk Management and Protections

EverBank employs rigorous credit assessment, ongoing monitoring, and professional collections to manage risk. Non-recourse options provide additional protection against buyer insolvency where eligible. Our team works with clients to establish credit limits, dispute resolution processes and reserves to mitigate exposure and ensure transparent, predictable outcomes.

Operational and Strategic Advantages

• Speed: Rapid access to liquidity to meet payroll, supplier obligations and capital expenditures.
• Focus: Free internal resources from collections so you can focus on core business activities and growth.
• Balance sheet management: Improve working capital ratios and support more effective financial planning.
• Scalability: Align financing with sales volumes to maintain agility during growth phases.

Typical Use Cases

Businesses use EverBank Invoice Financing for various purposes: bridging cash flow between shipments and customer payments, funding inventory purchases, supporting expansion into new markets, smoothing seasonal revenue swings, or strengthening negotiating power with suppliers through timely payments.

Getting Started

To begin, prepare a summary of your receivables, a list of key customers, and recent financial documentation. EverBank’s specialists will review your needs, explain available options, and recommend a bespoke factoring solution that balances cost, risk and operational requirements. The onboarding process is designed to be efficient so you can start converting invoices to cash quickly.

Frequently Asked Questions

• Will factoring affect my customer relationships? EverBank handles collections professionally and transparently, aiming to preserve your customer relationships while ensuring timely payments.
• Can I factor invoices from multiple customers? Yes. Diversifying across customers typically enhances eligibility and improves funding capacity.
• Is factoring suitable for startups? Startups with insufficient receivables history may face additional underwriting requirements; however, many growing companies can qualify if they have verifiable invoices and creditworthy customers.

EverBank’s Invoice Financing / Factoring is a practical, flexible financing tool that transforms outstanding receivables into working capital, reduces payment uncertainty and supports business growth. Speak with an EverBank specialist to explore a tailored solution that aligns with your cash flow objectives and strategic priorities.

Address Bank: EverBank Plaza 301 W Bay St Jacksonville, Florida, U.S.
Bank: EverBank
Headquarters: Jacksonville, Florida
Products: Loans & Credit
Type: Invoice Financing / Factoring