How Working Capital Finance Works

Your business sells goods or services to your customers on an open account and creates an accounts receivable.

You also need cash to operate until your accounts receivable are paid, typically 30 to 45 days.

To access the cash needed for operations, your business sells the accounts receivable to First Citizens.

First Citizens advances a percentage of the invoice to you when it buys the accounts receivable.

After collecting from your customer, First Citizens pays you the remaining balance of the invoice, less a fee for service.