This is a loan against a company's eligible commercial accounts receivable only.  It's also referred to as working capital loan, the borrowed funds being used for short term uses such as payroll, paying vendors, the utility bills, building rent, and so on.  The money is paid back as business customers pay for their invoices.  We generally use eligible commercial accounts receivable only as collateral, leaving the other assets of the company available as collateral for other borrowings.
 
The age of the various accounts will determine the amount of money that the lender will fund to the client.Usually, the older the invoice or account, the less the lender will advance, usually anywhere from 60 to 90 percent of their total value.An accounts receivable loan is different than factoring because the company still owns the accounts receivable. Collection of the accounts is still the function of the company and not the lender. Some lenders will loan on accounts over 90 days and other lenders will purchase them outright under a factoring agreement. Accounts receivable financing is generally in the form of a revolving line of credit based on the accounts included. The line of credit can take a continuous form , that is,as accounts are paid, other accounts are added to maintain the amount of the line.

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