Many Inglewood businesses do the work, send the invoice, and then wait weeks to get paid. That delay ties up the cash you need for payroll, supplies, and growth. Accounts receivable financing solves it by turning unpaid invoices into working capital right away. Cedargrove Lending is a commercial loan broker in Inglewood, and we match you with lenders in our network who advance funds against your receivables so slow paying customers no longer slow you down.
What accounts receivable financing is
Accounts receivable financing advances you a percentage of your outstanding invoices, usually 80 to 90 percent, within a day or two. When your customer pays, you receive the rest minus a fee. The invoices are the collateral, so you do not pledge your building or equipment. That makes it a strong fit for the many Inglewood service and B2B companies that carry sizable receivables but limited hard assets.
Why Inglewood businesses use it
Inglewood's economy is broad, from contractors and suppliers tied to the stadium and arena district to staffing firms, logistics companies, and professional services across the South Bay and greater Los Angeles. What they share is the gap between finishing work and getting paid. A subcontractor billing a general contractor, a staffing agency covering weekly payroll, or a supplier waiting on a large retail account all feel the squeeze. Receivable financing bridges it so a full order book does not become a cash shortage.
- Contractors and subcontractors billing on net terms
- Staffing and logistics firms with payroll due weekly
- Suppliers and distributors serving larger LA accounts
- Professional services invoicing corporate clients
How fast you get funded
Because approval leans on your customers' credit rather than your own long history, setup usually takes only a few business days, and new invoices can be advanced within about 24 hours after that. For an Inglewood business that just won a larger account and needs to deliver immediately, that speed often matters more than a small difference in rate.
What it costs
You pay a discount fee on each invoice, commonly a couple of percent for every month it stays outstanding, plus the advance rate that sets your up front amount. Your rate reflects your industry, invoice size, and how creditworthy your customers are. Selling to strong, established buyers lowers the lender's risk and usually earns better pricing. We make sure the full fee structure is clear before you decide.
Who qualifies
Qualifying is more about your customers than about you. Lenders in our network look for invoices covering completed work, owed by other businesses or government agencies, from customers with a reasonable payment record. Personal credit weighs far less than on a bank loan, so newer Inglewood companies and owners rebuilding credit can still be approved. If your sales are mostly to consumers, a different product usually fits, and we will tell you.
Receivable financing versus a bank line
A bank line of credit can cost less, but it demands two or more years of profitable history and strong personal credit, and the limit stays fixed until you reapply. Receivable financing grows automatically as you invoice more, which suits Inglewood businesses in a growth phase. Many owners use it to steady cash flow now, then move to a bank line once their history supports it. It is a tool for a stage of growth, not a permanent trade off.
How the broker process works
Cedargrove Lending is a commercial loan broker, not a lender, so we are not tied to one funding source. You tell us how your business invoices, and we bring you matched offers to compare in one place. That saves you from shopping lenders one at a time and helps you avoid contracts with hidden costs. There is no application fee and no hard credit pull to get started.
- Share your invoice volume, terms, and customers
- We match you with lenders and gather offers
- You compare advance rates and fees together
- Choose your fit and fund new invoices quickly
A common Inglewood example
Take an Inglewood logistics company that hauls for a national retailer on net 60 terms. Fuel, insurance, and driver pay come due every week, but the retailer pays two months later. As the company wins more lanes, that gap widens and threatens to stall growth. With receivable financing at an 85 percent advance, the company draws cash the day it invoices, covers its weekly costs, and keeps adding routes. The fee is modest against the margin on the new business, so financing turns a cash flow ceiling into room to grow.
What to watch for
Read the fine print before you sign. Watch for monthly minimums, long lock in periods, and fees that sit below the headline rate. Because we compare offers across lenders, we surface those terms so you are not paying for capacity you do not use. And be clear eyed about why cash is tight. If the cause is slow payment on solid invoices, this tool fits well. If it is thin margins or falling sales, more financing only delays a harder decision, and an honest broker will tell you that instead of selling you a product.
Is it right for you?
Accounts receivable financing works best when you invoice creditworthy businesses, bill on a regular schedule, and face a real gap between delivering and getting paid. It is a working capital tool, not a fix for an unprofitable business. If slow paying customers are the main thing holding your Inglewood company back, it is worth a conversation. Tell us what you need and what it is for, and you will get a same day answer.