Our Summit Business Credit Division offers spot factoring with no minimums. We call this the “credit card” approach because invoices that you select can be factored to meet your immediate needs. You can select all or part of your accounts receivable for credit protection and cash advances. Summit will also do purchase order financing, letters of credit, and other unconventional finance activities.

Frequently, these needs become ongoing and growth in business can lead to you becoming a factoring or asset-based lending client. Summit is the farm team approach to Merchant. As your business increases, we can switch over to regular, old line factoring with Merchant. It is all done within the same organization.