Invoice Financing at EverBank

Invoice Financing at EverBank is a flexible working capital solution designed to help businesses convert unpaid invoices into immediate cash. Whether you are a growing SME, a seasonal enterprise, or an established company managing longer payment cycles, EverBank’s invoice financing product provides rapid access to funds tied up in accounts receivable, improving liquidity, smoothing cash flow and enabling predictable business operations.

How it works

EverBank purchases or advances funds against your outstanding customer invoices. You submit eligible invoices to EverBank, which validates the invoices and your customers’ creditworthiness. Once approved, EverBank advances a percentage of the invoice value — typically up to 85% — directly to your account. When the customer pays the invoice, EverBank remits the remaining balance minus fees, or the arrangement is settled according to the agreed terms. This process shortens your cash conversion cycle and supports working capital needs without taking on traditional debt secured against fixed assets.

Key benefits

• Immediate liquidity: Convert invoices into cash quickly to cover payroll, inventory, or unexpected expenses.
• Predictable cash flow: Reduce payment uncertainty and create a steadier cash flow profile for planning and growth.
• Flexible funding: Draw funds as invoices are issued; financing grows with your receivables rather than a fixed loan amount.
• No long-term debt: Access working capital without adding secured long-term liabilities to your balance sheet.
• Improved supplier relationships: Pay suppliers on time and take advantage of early payment discounts.
• Outsourced collections option: Choose whether EverBank handles collections or whether you retain control of customer relationships and credit management.

Who it’s for

Invoice Financing at EverBank is suitable for a wide range of businesses, including manufacturers, wholesalers, distributors, professional services firms, and contractors. Typical candidates:

• Businesses with consistent invoicing and customers with established payment records.
• Companies experiencing rapid growth that need working capital to fulfill orders or expand operations.
• Seasonal companies seeking funds during peak inventory purchase periods.
• Firms wanting to avoid diluting ownership or increasing long-term debt burdens.

Product features

• Advance rates: Competitive advance percentages on approved invoices to maximize cash availability.
• Flexible terms: Short- to medium-term arrangements tailored to invoice cycles and industry norms.
• Transparent fees: Clear fee structures including financing charges, service fees and any discounting rates, with no hidden costs.
• Fast approval: Streamlined onboarding and credit assessment to enable rapid funding, often within 24–72 hours for qualified applicants.
• Credit management: Optional credit checks on your customers and receivables monitoring to reduce risk.

Eligibility and documentation

Eligibility criteria typically include a history of invoicing, customers with verifiable payment records, and basic financial statements. Required documentation may include recent invoices, customer contracts or purchase orders, bank statements, and business registration records. EverBank’s relationship managers will guide you through the required paperwork and the underwriting process to ensure a smooth onboarding experience.

Fees and pricing

Pricing depends on factors such as industry risk, customer creditworthiness, the advance rate, and the duration of financing. Fees commonly include a financing rate applied to the funded amount and a service or administration fee. EverBank provides tailored pricing options to align with your business profile and cash flow needs, and works to present transparent, competitive terms that fit your growth plans.

Risk management

EverBank employs a combination of credit assessment, portfolio monitoring and fraud prevention measures to manage risk. By evaluating both your customers’ payment behaviors and the nature of your receivables, EverBank minimizes exposure and helps you maintain a healthy receivable portfolio. For businesses seeking even lower risk, options for non-recourse arrangements — where credit risk transfers to the financier — may be available depending on the customer profile and product selection.

Why choose EverBank

EverBank brings a combination of industry expertise, streamlined technology and personalized service. Clients benefit from a dedicated account team, efficient digital platforms for invoice submission and tracking, and flexible financing solutions designed to scale with your business. EverBank’s approach emphasizes speed, transparency and partnership, helping businesses turn receivables into strategic capital for immediate needs or long-term growth.

Typical use cases

• Bridging cash flow gaps between invoicing and customer payment cycles.
• Financing large orders or seasonal inventory purchases without disrupting operations.
• Funding growth initiatives such as hiring, expansion, or new product launches.
• Stabilizing cash flow during periods of rapid growth or delayed client payments.

Getting started

To begin using Invoice Financing at EverBank, prepare recent invoices and basic financial information. EverBank’s onboarding team will assess your eligibility, review your receivables portfolio and present a customized financing plan. Once approved, you can submit invoices through EverBank’s secure portal and receive advances that strengthen your cash position immediately.

Conclusion

Invoice Financing at EverBank is a practical, flexible solution for businesses looking to unlock the value of outstanding receivables. By converting invoices into working capital quickly and efficiently, companies can maintain operational momentum, seize new opportunities and build resilient cash flow without adding long-term debt. With tailored pricing, transparent terms and hands-on support, EverBank aims to be a trusted partner in your business’s financial toolkit.

Address Bank: EverBank Plaza 301 W Bay St Jacksonville, Florida, U.S.
Bank: EverBank
Headquarters: Jacksonville, Florida
Products: Business Financing
Type: Invoice Financing