title>Invoice Financing — WSFS Bank

Invoice Financing at WSFS Bank

Invoice Financing from WSFS Bank is designed to help growing businesses unlock the cash tied up in unpaid invoices. By converting receivables into immediate working capital, companies can manage payroll, purchase inventory, invest in growth, and stabilize cash flow without taking on long-term debt or diluting ownership. The program is flexible and tailored to the operational realities of small and mid-sized enterprises across a variety of sectors, including wholesale, distribution, professional services, and manufacturing.

How it works

Invoice Financing allows a business to present outstanding customer invoices to WSFS Bank and receive a substantial portion of the invoice value as an advance. Once the customer pays the invoice, the bank remits the remaining balance to the business, minus any fees and financing charges. This process shortens the cash conversion cycle and reduces the need to wait 30, 60 or 90+ days for payments.

Key features and benefits

• Improved cash flow: Receive funds quickly to cover operating expenses, payroll and supplier payments without waiting for customer payments.
• Flexible funding: Finance invoices on a transactional basis or maintain a recurring facility that grows with your business.
• Preserve ownership: Access working capital without issuing equity or subordinating control.
• Credit-friendly: Financing is based primarily on the creditworthiness of your invoiced customers rather than your business credit profile.
• Scalable solution: As sales increase, available financing typically expands to reflect a larger receivables ledger.
• Fast turnaround: Streamlined application and approval process designed to deliver funds promptly when needed.

Who benefits

Invoice Financing is particularly useful for companies that experience seasonal cycles, rapid growth, or long payment terms from customers. Typical beneficiaries include wholesalers and distributors, staffing firms, business-to-business service providers, manufacturers, and contractors. Any business that issues invoices to creditworthy customers and needs to convert receivables into immediate cash can consider this financing option.

Eligibility and requirements

Eligibility usually depends on a few key considerations: the quality and creditworthiness of your customers, the age of the invoices, and the overall accounts receivable profile. WSFS Bank will review the company’s operations, receivables aging, and customer payment history. While requirements can vary, businesses generally need:

• Established operations and a consistent invoicing pattern;
• Invoices issued to creditworthy business customers (no consumer receivables);
• Accurate and auditable accounts receivable records;
• Basic business financial statements and bank account information.

Typical structure and terms

Invoice Financing may be structured as a recourse or non-recourse facility, depending on the agreement terms and the level of credit risk transferred. Advances are commonly a percentage of the invoice face value, with the remainder retained as a reserve until customer payment. Fees and financing charges reflect the advance amount, term, and credit considerations. WSFS Bank works with borrowers to structure terms that align with cash cycle needs and business objectives.

Application process

The process is intended to be straightforward and transparent. It typically includes an initial consultation to understand business needs, documentation submission, receivables evaluation, agreement negotiation, and onboarding. Once approved, businesses can submit eligible invoices for funding through designated channels, and funds are advanced according to the agreed schedule. Ongoing reporting and account management ensure the facility remains aligned with operational requirements.

Operational considerations

Implementing invoice financing requires attention to receivables management and customer communication. Clear invoicing, timely follow-up, and accurate recordkeeping help maximize the benefits. WSFS Bank can provide guidance on integrating financing into existing accounting and billing workflows to minimize disruption and maintain strong customer relationships.

Risk management and safeguards

While invoice financing improves liquidity, businesses should be aware of associated costs and contractual obligations. Advances are typically secured by the underlying invoices, and facilities may include covenants related to receivables quality and concentration. Companies should evaluate the economics of financing relative to alternative funding sources and maintain transparency with customers as appropriate. WSFS Bank offers support to help clients understand and manage these considerations.

Why choose WSFS Bank

WSFS Bank brings a combination of regional expertise, personalized service, and an understanding of middle-market dynamics. The bank emphasizes building long-term relationships, offering tailored solutions and responsive credit decision-making. Invoice Financing from WSFS is positioned as a pragmatic tool for companies that need dependable liquidity to support day-to-day operations and strategic growth.

Frequently asked questions

• Can any invoice be financed? Eligible invoices are generally those billed to creditworthy business customers and meet the bank’s documentation and age criteria.
• How quickly can funds be advanced? Timing depends on approval and submission processes, but many clients receive advances within days of invoice submission once the facility is established.
• Does this affect customer relationships? Structuring and communication are important; many arrangements allow the seller to retain control over collections while benefiting from financing.

Next steps

Businesses interested in Invoice Financing should prepare current accounts receivable reports, recent financial statements, and sample invoices. An initial discussion with a WSFS Bank representative can clarify options and determine whether invoice-based lending aligns with short-term liquidity needs and long-term financial strategy. With the right structure, invoice financing can be a reliable bridge between billing and cash realization, enabling smoother operations and growth momentum.

Address Bank: Wilmington, Delaware, U.S.
Bank: WSFS Bank
Headquarters: Wilmington, Delaware
Products: Business Financing
Type: Invoice Financing