Receivables funding
Get paid for work
you already did.
You finished the job. The invoice says net 45. Net 1 buys that approved receivable and pays you often the same day — within 24 hours, guaranteed — so your payroll doesn't wait on someone else's accounting calendar.
Invoice #4471 · Meridian Fiber Group
$5,000Two weeks completed at $2,500 a week · run 4471
Funded Wed 8:40a · awaiting collection
Illustrative example. Your advance rate and fee are set after a risk review of the work and who owes for it, and are shown in writing — in dollars and annualized — before you sign.
How it works
Five steps. You do two of them.
Factoring isn't a loan. We buy the invoice — the receivable becomes ours, and we collect it. You're not taking on debt; you're selling an asset you already own.
You send the invoice and the backup
Pay sheet, completed-work ticket, trip log, or the prime's production report. Upload it from the field — a photo is fine.
We verify the work with your customer
An API match against a production report, a one-click confirmation in the customer's portal, or a phone call. Whichever your customer's account calls for.
Once it's approved, we buy it and pay you
Money reaches you often the same day, and within 24 hours of approval, guaranteed. You see the cost — in dollars and annualized — and accept it before anything moves.
Your customer pays us
We send a Notice of Assignment so they know to remit to Net 1. We handle the follow-up, so you don't spend Fridays chasing accounts payable.
We release your reserve
The held-back portion comes back to you, less the fee that was disclosed up front. No new charges appear at the end.
The same timeline, everywhere
You see it. Your customer sees it. Our team sees it.
One thread per invoice, moving forward the moment a real event lands — not a status someone typed in later. Nobody has to call to ask where the money is.
Funded · awaiting collection
Every state change is timestamped and permanent. If a number changes, there's a record of who changed it and why.
What it costs
The annualized number, out in the open.
For example, a 3% fee over 30 days works out to roughly 36% annualized. You should see your number that way before you sign, not in a footnote after. Move the sliders.
How pricing works
You pick how fast you get paid.
The fee is set the moment we buy your invoice and never changes after that — if your customer pays us late, that is our problem, not your bill.
Funded the next business day.
The fastest we go. You are paying for speed.
Funded within 7 days.
A week of patience lowers your fee.
Funded within 14 days or longer.
Our lowest factoring fee.
Your advance rate and fee are set individually after a risk review — the completed work, who owes for it and how they pay, the invoice size, and your history with us. The exact fee in dollars and the annualized equivalent are shown in writing before you sign anything.
Which one are you?
In your account today
$18,360Advanced now · the rest follows when your customer pays
Estimate only — the sliders are examples, not our prices. Your actual advance rate and fee are set after a risk review of your customer's credit, the invoice, and your volume. Before you accept any funding you'll receive a written disclosure with the amount financed, the finance charge, the annualized rate, and prepayment terms — and nothing moves until you acknowledge it.
Where we draw the line
Speed is the product. Access is not for sale.
The only thing you ever pay for is getting paid sooner — and waiting is always free.
A free option, always
Standard-speed settlement costs nothing on the individual program. If you can wait, you should wait, and we'll say so.
The real rate, up front
Every offer shows the dollar cost and the annualized rate side by side, before you accept. Written, timestamped, and archived.
Nothing added later
The fee quoted at acceptance is the fee. No surprise charge shows up at reserve release, because the terms are frozen at purchase.
Your customer is underwritten, not you
Factoring works off your customer's ability to pay. A thin credit file on your side isn't what decides this.
Related deals are labeled
If an affiliated company is the one that owes the invoice, it's tagged as a related-party transaction and priced at arm's length. It never gets counted as third-party performance.
Bank changes are hard on purpose
Changing where money lands takes step-up verification and a confirmation on a second channel. It's the number one way people get robbed. We treat it that way.
Things we will never charge you
WHY NET 1
Built for people who
already did the work.
Three things that make this different from a loan.
It's a sale, not a loan
We buy the receivable outright. Nothing appears on your balance sheet as debt, there's no monthly repayment, and no personal guaranty on the amount advanced.
Priced before you accept
Your advance rate and fee are fixed and shown in dollars — and annualized — before you sign anything. The rate on work we've already bought never changes afterwards.
Proof of work, not credit score
We look at completed work and who owes for it. Work order, date, address, start and end photos. Your credit history isn't the deciding factor.
COVERAGE
Where we can fund you.
Commercial financing rules differ by state, so we're straight about where we operate and on what terms. If your state isn't listed, we're not turning you away — tell us and we'll say plainly where we stand.
Don't see your state? Tell us where you are — we open markets as demand appears.
QUESTIONS AT 9 PM?
Ask Eve.
Eve is our virtual assistant — an AI, not a person. She can explain how funding works, what documents you’ll need, and where to start, any hour you’re working. She never quotes your rate and never approves funding: your exact numbers are shown in writing before you sign, and a human at Net 1 reviews every submission.
QUESTIONS
What people ask us.
Quick answers before you apply.
Is this a loan?
How fast do I get paid?
What does it cost?
What do I need to send you?
Do you check my credit?
What if my customer doesn't pay?
Can I get funded as a sole proprietor?
Ready to get paid for work you've done?
Create your account and send us your documents. We’ll come back within a business day with your rate. No signup code needed.
No credit pull to get a quote. Applying doesn't commit you to anything. Already a client? Sign in to your portal.
