Determine the total cost of your invoice financing. 

Invoice Financing Calculator

Get financing that works for you.

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How much do you need?

Estimated Factor Rate

Estimated Term

Payment Frequency

Total Repayment:
Number of Payments:
This is an estimation tool that provides a range of possibilities depending on creditworthiness and terms selected. Terms can be adjusted to increase or decrease your payment. To see all our loan calculators click here.

Find out if you qualify for invoice financing.

We value the overall health of your business, not just your credit score.
This helps us work out the most benefitial options for you, regardless of your business history.

Time in Business

We evaluate how long you’ve been in business and repayment history.

Annual Revenue

We look at your annual revenue and review your daily balances.


Don’t worry, your credit score or defaults won’t be the deciding factor

What is invoice financing?

Invoice financing falls in line of asset based lending. It’s when a business’s accounts receivable as collateral.  collateral. Generally, accounts receivable financing is a broader term for invoice financing and invoice factoring which are similar but different.

This factoring involves purchasing your accounts receivables. Most of these factoring companies will collect from your customers on your behalf. Invoice financing is lending you a percentage of incoming invoices and will collect money directly from you.

Can I afford invoice financing?

Finding the right financing option for your business is important. Consider all the factors that are involved: interest rates, term agreements, and the benefits.  In order to figure out in invoice financing is the best option for you, you need to tally everything up and see what the results look like.

To calculate your payments and the total cost over the life of your financing:

  • First, enter the value you plan to finance
  • Next, estimate the factoring fee. This usually falls between 1%-3%.
  • Set the net terms for a weekly basis.
  • Finally, input all the factors and calculate what your payments. We recommended trying out different options just to give you a range of outcomes.

Understanding your results

The calculated results give results for a weekly or monthly payment, cost of loan, and total repayment.

Here’s what the numbers tell you:

  • Loan Costs
  • Payment
  • Repayment Amount

With this information, it’s easy to evaluate different loan options—whether you’re comparing lenders or choosing between a 12- or 18-month term.

Whether it’s a 12-or-18-month term, we break down the differences in your options to insure you that you’re receiving the best deal possible.

Our short-term loan calculator will provide you with the accurate cost of your finances. Borrowers worry about being able to make their repayments on time. Repayment is important but it’s only one piece of the puzzle.

Pros and cons of invoice financing

Once you learn how to calculate the interest of a short-term loan, you can begin to determine your financing options. Invoice financing as it’s pros and cons. It can be paid off more quickly than the average loan but has its risks.

Let’s compare.

  • PROS:

    Quick access to cash funds

    It requires little to no paperwork and you can access funds the same day!

    Low interest rates

    The interest fees are as low as 1% and as high as 3%.

    Little to no paperwork required

    An outstanding invoice is the most you’ll need to get approved.

  • CONS:

    Higher interest rates

    Most short-term loans start at 10% but can go much higher depending on the prominence of the business.

    Frequent payments

    These payments are usually weekly or monthly.

    Higher payments

    High interest with the frequency of payments could be problematic down the line.

  • Whether you have set numbers or are unsure of where to begin, we recommend you try out different scenarios with factor rates, terms and advance amounts. This can help you determine what you can and can’t afford: solidifying the right plan for you.

Comparing and evaluating short-term business loan offers

If you have more than one loan offer on the table, comparing each loan’s terms can make it easier to decide the best option for you.

Here are some tips to help you decide which offer is best for you:

Consider how much each lender is offering you. Look over APRs and lower rates.

Look into the repayment term options. Pick a timeframe that works best for you and your business. Think about the specifics.

Most importantly, make sure your business is in the financial position to take out a short-term business loan. Set yourself for future success.

How to access invoice financing

Accessing funding for your business is now easier than ever. With online technology, funders can now easily underwrite a business with minimal paperwork and documentation required.

Here’s what you’ll need to qualify:

  • 3+ months in business
  • $110K+ annual revenue
  • 550+ credit score

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Got some questions?

This is a financing option that allows businesses to borrow money against the amounts due from customers. 

This helps improve cash flow, pays employees and suppliers, and any other business related investments. 

This is a financing option that allows businesses to borrow money against the amounts due from customers. 

This helps improve cash flow, pays employees and suppliers, and any other business related investments. 

Invoice financing is similar to a line of credit while business term financing can be a cash funded loan. Invoice financing is beneficial for long term use and purchases that don’t require cash up front.

There are a few options when choosing invoice financing., each slightly different in their own ways. 

  • Invoice Factoring
  • Invoice Financing Services
  • Receivable-Based Line of Credit

The main difference amongst these choices are percentage rates

Invoice financing is a popular option for many businesses at the moment, but there are definitely factors to consider when making the decision.

They have fast approval, flexible credit, and minimal paperwork. But they also come with high interest rates, invoices are needed as proof as collateral, and their approval rates are low. 

By filling out our  online application or giving us a call and speaking to one of our representatives who can help guide you through it, we can help get you funded ASAP!

Please be mindful that we review these things here when putting in your application:

  • Annual/Monthly Revenue
  • Length in Business
  • Credit Score

Meeting minimal requirements still gives you a likely chance. 

A healthy business is vital because it gives the overall summary of how your operations have been running. A good credit score is important but it is not the major key to making or breaking your approval rate for a line of credit.

At NYTG, we prefer that your business have an overall healthy status. This includes being in business for some time, having a good monthly revenue coming in, and making payments on time where it’s due.