Get paid faster with Invoice Financing

Invoice Financing has a 3% fee per invoice financed. The 3% fee is about the same as you would pay to receive a credit card payment from your customers. There are no additional fees or interest if the invoice or advance is paid within the first 2 months of the date you financed the invoice. Interest will begin accruing monthly on each payment due date at 15% (18.2% APR) until that financed invoice is paid in full. The first payment due date is 2 months + 1 business day from the date you financed the invoice. For example, if you finance an invoice on March 20th, the first automatic payment would start on May 21st (or the next business day if it falls on a weekend or holiday), which will include the monthly interest.

You are responsible for paying back the full amount of each financed invoice. We will send you alerts in advance so you can remind your customer to pay, or pay the outstanding amount yourself. Interest will begin accruing monthly on each payment due date at 15% (18.2% APR) until the financed invoice is paid in full. 

The first payment due date is 2 months + 1 business day from the date you financed the invoice. There are no additional fees or interest if your customer pays their invoice through BILL or you pay the advance in its entirety within 2 months. 

If the full amount of the financed invoice isn’t paid within 2 months, then monthly payments will be automatically withdrawn from your bank account to pay off the advance in 11 payments, as outlined in your Invoice Financing Revolving Credit Agreement. If payments are not paid on the payment due date, you may be charged a late fee.

Currently Invoice Financing is offered to a limited number of customers. Various factors are included in Invoice Financing eligibility, including length of time as a BILL customer, transaction history with BILL, and the customers that are paying your invoices. Because every business is unique, each application is considered separately and decisions are based on current guidelines and applicable laws. If you do not see Invoice Financing on your account, we recommend you check back as the program expands in the future.

If you see only some of your invoices are eligible, it can be for a number of reasons. The invoice could be below the minimum size ($100), or an invoice could put you above your maximum financing limit for the program, or the invoice timing / due date does not meet eligibility requirements. In addition, multiple aspects of each invoice are considered in order to determine eligibility. These include the number of invoices from the same customer, transaction history on BILL, and even length of time as a BILL customer. These policies may change over time and we recommend you check back in the future.

You can typically get advance payments against invoices up to $100,000 total (limit may vary by account). You can see your financing limit in your BILL account on the Invoices page.

Not at this time. If your invoice is for $4,000, you have to get an advance payment against the full $4,000. If your invoice is over your maximum invoice amount ($100,000), it is not eligible for Invoice Financing.
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