Strategic financing to realize your business goals
Factor your invoices and receive up to 95% of the receivables within 24 hours.
Accelerate business goals with vendor advance
SMEs can use their unpaid invoices or receivables as collateral to shorten their cash cycles to 24 hours and utilize the funds to aid business expansion, investment and other growth plans.
Swift business evaluation
Once your documents are approved, the rest of the process moves along quite swiftly.
Quick approval
We approve advances for vendors with a payment cycle of 30 to 90 days.
Higher limit
If your business's ongoing performance increases and sales numbers go up, you are entitled to higher facility limits.
Increased advances
Once our team factors approved invoices, you can expect to receive advances up to 95% of receivables.
Flexible pricing
Our pricing is customized to your category and historical performance tailored to your business needs.
Smooth verification
Once you submit the required documents, our team completes the due diligence in 24-48 hours.
Why vendor advance can turn your business around
eFunder lets you tap into your advances as quickly as 24 hours from when you first register on the platform. What’s more, you’re eligible for a higher advance against your receivables if your business has fared well since its inception.
Who can benefit from our vendor advance solutions
Our Vendor advance solution can benefit SMEs and entrepreneurs including, vendors, and any other small business who can benefit from instant cash and consistent cash flows to meet expenses and fuel growth plans.
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Vendors
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Other businesses
A dynamic pricing structure that works to your benefit
We will transfer up to 95% of your next 30 days potential sales, which is estimated by our machine learning algorithms on your historical performance. Your fee for each draw-down will be deducted from the amount paid to you.
We understand your needs better than banks
Our invoice financing solutions are a simplified avenue to gain funds. You do not have to worry about long paperwork processes, audited financials, guarantees, and loan rejections. Instead of waiting months to get a bank loan, we aim to delight in giving access to your locked-up receivables to your account in 24 hours.
efunder
- Approval process
- Flexible terms
- Credit score impact
- Pre-payment penalty
- Drawdown process
eFunder Recommended
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48 Hours -
Flexible
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No
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No
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24 Hours
Traditional lenders
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3-6 Months -
Fixed
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Yes
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Yes
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3-4 Days
Traditional banks
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2-4 Months
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Fixed
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Yes
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Yes
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7+ Days
| eFunder Recommended | ||
|---|---|---|
| Approval process |
48 Hours
|
|
| Flexible terms |
Flexible
|
|
| Credit score impact |
No
|
|
| Pre-payment penalty |
No
|
|
| Drawdown process |
24 Hours
|
| Traditional lenders | ||
|---|---|---|
| Approval process |
3-6 Months
|
|
| Flexible terms |
Fixed
|
|
| Credit score impact |
Yes
|
|
| Pre-payment penalty |
Yes
|
|
| Drawdown process |
3-4 Days
|
| Traditional banks | ||
|---|---|---|
| Approval process |
2-4 Months
|
|
| Flexible terms |
Fixed
|
|
| Credit score impact |
Yes
|
|
| Pre-payment penalty |
Yes
|
|
| Drawdown process |
7+ Days
|
FAQs
Am I eligible for a vendor advance if I’m a new vendor or marketplace seller?
Our team will be happy to assist vendors who are new to the market and need an advance to support business endeavors.
How regularly can I withdraw funds from my eFunder account?
You can withdraw any available funds that appear in your eFunder account once outstanding invoices are uploaded and vetted by our team. We transfer up to 95% of the advance and move the remaining cash reserve to your account once your clients fulfill the invoices.
How do I keep track of my vendor advance and pending cash reserve?
Our advanced, user-friendly management system allows you to track the status of payments and claims in just a few clicks. You will be immediately notified of changes and updates during your partnership with us.
Will eFunder be accessible from my phone?
Absolutely! You can download eFunder on your Android or Apple smart device and access the platform from practically anywhere. You can quickly retrieve everything you need to view and track through your exclusive client ecosystem.
Is this the best option compared to a bank loan?
This is the most convenient option for SMEs who need instant working capital to fund different requirements under the sun, whether it has to do with production, inventory, fulfilling orders, or scaling your business. Unlike a bank loan, a vendor advance allows you to receive regular, immediate cash that you’re already entitled to through pending invoices. You stand to receive a higher advance if your business’s sales and performance history look good.
Still have questions?
Can’t find the answer you’re looking for? Please chat to our friendly team.
Redefine your business efficiency with instant cash
Your leading provider for digital financing solutions.