How much capital do you need?90,000
Weekly Delivery Amount$424.00
Purchase of Receivables
Access future revenue today.
Use Your Future Sales to Get Working Capital Today
The Business Backer's purchase of receivables makes it simple to access future revenue. If approved, you'll get a lump sum of capital — known as the disbursement amount — in exchange for a fixed percentage of your business's future receivables (revenue). Unlike a standard merchant cash advance which only accepts credit card transactions, your payment deliveries can come from cash, checks and credit card sales.
Apply today for a purchase of receivables, get a decision and, if approved, get your funds in as soon as 24 hours.* We'll work hand in hand with you to determine a delivery frequency that's right for your business.
Time in Business
The Business Backer is temporarily not accepting new applications
Understanding a Purchase of Receivables
A purchase of receivables agreement (PORA) is not a loan. It's a financing agreement where we purchase a percentage of your future revenue. In exchange, you receive a lump sum of funds. Think of it as a cash advance on your business's future revenue. You can even request a change in payment deliveries if your revenue fluctuates.
The funding amount you're approved for, prior to deducting the purchase fee. Also known as "purchase price."
Future Receivables Purchased
The total amount of future revenue we purchase from you. Also known as "purchase amount."
A one-time fee of 0% – 3% deducted from your funding amount.¶
The funding amount minus the purchase fee, and is the lump sum of capital you will receive.
Predicted Delivery Time
The amount of time we estimate you'll deliver payments to us until you meet the total cost of capital.
How a Purchase of Receivables Agreement Works
To calculate a purchase of receivables, you'll need to start with a factor rate. A factor rate is a simple multiplier that determines the initial cost of a purchase of receivables agreement. The actual factor rate you qualify for depends on the information in your application like annual revenue, how long you've been in business and your business's financial history.
For example, if you're approved for $10,000 in funding and have a factor rate of 1.2§, you multiply those two numbers together. That determines your future receivables purchased, which would be $12,000.
To figure out the total amount of capital you'll receive (the disbursement amount), take your approved funding amount and subtract the purchase fee. For this example we've used a 3% purchase fee.¶
3% Purchase Fee¶
With your future receivables purchased and disbursement amounts calculated, you can then determine the total cost of your purchase of receivables agreement.
Cost of Funding