Harper Partners provides factoring and receivables financing solutions for businesses in the US. The services they offer include invoice factoring, venture and SAAS lending, and payroll funding. In this review, we focused on their accounts receivable financing (A/R Financing) service, also known as invoice factoring.
Quiz: Is Kabbage or OnDeck Right for Your Business?
Summary of Harper Partners User Reviews
As of the date this article was written (09/12/18), there are no recent user reviews of Harper Partners online. If you are a past or current Harper Partners customer, leave a review to help other small business owners who are deciding whether or not to use the company.
Harper Partners Pricing
Harper Partners advances up to 90% of an eligible invoice. The credit lines range from $50,000 to $5,000,000 and can be set up within 2-5 business days. Interest rates and other fees range from 1.0% to 3.0% per month. The funds can reach clients within 24 hours after filing the application.
Harper Partners Features
Check out the list below of some of Harper Partners’ features.
- Competitive Funding Rates (Up to $5M)
- Cash Available within 24 Hours
- Low-Interest Rates and Fees
- Fast Credit Line Processing
Helpful Lenders Resources
6 Best Accounts Receivable Financing Companies 2019: Fundbox vs. BlueVine vs. Fluid vs. Other Top Options — Accounts receivable financing is based on various factors like size, credit score, age, and whether it’s an individual or a group who’s applying. After looking at the most popular options and some of the newest players in the space, we decided to review Fundbox, BlueVine, and Fluid.
What Invoice Factoring Is & How It Works — Invoice factoring is a type of accounts receivable financing that converts outstanding invoices due within 90 days into immediate cash for your small business. Check out this article to learn more about it.
What’s the Difference Between Invoice Factoring and Invoice Discounting — There are two types of invoice financing: traditional invoice factoring and invoice discounting. Traditional factoring offers larger amounts of capital, while invoice discounting offers smaller amounts of capital, but at lower rates. Check out this article to know more about the two options.
How to Improve Your Invoice Factoring Application: A Step-by-Step Guide — Unlike traditional loans that often require personal credit scores as part of the application and approval process, factoring lines of credit are typically backed by a company’s assets and are considered the primary factor for approval. Read this article and learn how to do your factoring application properly.
Harper Partners FAQ
Does Harper Partners require previous business operations history?
No. Harper Partners doesn’t require any minimum operating history. It is also easy to set up an account and draw funds. Once a funding has been approved, clients will be given a credit line and an access to the online portal immediately.
How long does the Harper Partners’ funding process usually take?
Once an invoice is approved, up to 90% of the invoice value will be wired to a business account within 24 hours.
When will Harper Partners release the remaining amount?
Once the customer has completely paid off a certain invoice, Harper Partner will then release the remaining 10% of the invoice value to the client’s bank account.
Top Harper Partners Alternatives