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Pros / This factoring service accepts accounts that are delinquent up to 120 days and has a high initial funding rate.

Cons / You cannot submit an application online, though you can download an application from the website and fax it in.

 Verdict / American Receivable is an excellent service with good rates, no extra fees and strong support. It has no commitment minimums and offers nonrecourse factoring, making this service the best in our lineup.

American Receivable is a factoring service with a long business history. It was founded in 1979 and has many stellar features and solid eligibility requirements. It has a fast turnaround time for approval and funding, no commitment minimums and has one of the best customer support systems we tested. This and more helped American Receivable earn our Top Ten Reviews Gold Award for factoring services.

American Receivable Compare Quotes
  • Minimum Rate Percentage
  • Percent Funded
  • Customer Service Score
  1. This is the percent of enrolled accounts receivable the company charges.
  2. 1  American Receivable
    1.0 %
  3. 2.0 %
  4. 1.5 %
  5. Category Average
    1.26 %

Rates & Fees

This factoring company's low fees and high initial percent funded are a strong plus on its behalf. At a minimum, it charges 1 percent of an invoice as its fee, though this rate varies depending on your circumstances and the terms of the contract you draw up with American Receivable. At a maximum, it funds up to 95 percent of your invoice upfront, which is a high amount and can greatly improve the cash flow of your business.

Unlike some companies, American Receivable does not have a startup fee or an application fee. This saves you money and doesn't disrupt your cash flow. The company also doesn't have a termination fee for you to worry about if you need to stop factoring with American Receivable.


One of the major features of American Receivable that helped it earn our Top Ten Reviews Gold Award is that the company accepts invoices that are up to 120 days overdue. The average in this industry is between 60 and 90 days, so American Receivable's ceiling is especially helpful to businesses that need to sell invoices with a higher delinquency. As the delinquent accounts are what generally disrupt business cash flow, this element is important to think about when considering if this company is best for you.

You can factor up to $3 million a month with American Receivable, which is on the low end of the spectrum as far as a monthly ceiling goes. However, we've found that this amount is not too low for the typical amount that most businesses want to factor a month. Still, it's important to consider how much you'll need to factor when you consider an invoice factoring company.

This service works with startup companies and companies with all types of credit. Like most factoring companies, American Receivable considers the credit of your customers more than your own credit, since your customers are the ones that will owe it money.

You can use American Receivable's services regardless of where you are in the United States. Its services are available nationwide. However, it has not extended its services into Canada.

Factoring Process

American Receivable's process is one of the best. It is a nonrecourse factoring company, which means that if your customers do not pay American Receivable you are not required to buy back the invoice you've sold to it. This reduces the risks associated with factoring and helps minimize any negative impact against your business's cash flow.

You can submit your company and contact information for a risk-free inquiry on the American Receivable website. However, this factoring company does not accept applications online. You can download an application from its website and fax in the completed form. After American Receivable has your application, it will make a decision and typically get back to you within 24 hours. After you've been approved and your account is set up, you usually receive funding within 24 hours of submitting an invoice.

There is no invoice minimum when factoring with American Receivable. This means that you do not have to submit a certain dollar amount of invoices each month. American receivable also doesn't have a commitment minimum, meaning that you don't have to contract with them for any specific amount of time. All of its services are based on what you need.


American Receivable offers a dedicated adviser to every company it works with. The dedicated adviser works with you every step of the way to answer any questions you might have, which can be useful and save time. This company also offers telephone support, live chat and email support. Additionally, you can connect with American Receivable via Facebook, LinkedIn and Blogger.

We reached out to American Receivable to test its customer service. The people we spoke with were knowledgeable and professional. They knew how to answer our questions and were quick to respond to our inquiries. We didn't have any trouble getting in touch with them.


American Receivable offers highly competitive rates without requiring startup or termination fees. Its eligibility requirements make it accessible to companies looking to improve their cash flow by selling overdue accounts up to 120 days delinquent, which can be helpful to businesses that are struggling. It has a fast turnaround time, has no commitment minimums and offers nonrecourse factoring. All of these features make American Receivable worthy of consideration while you look for a factoring company that works best for you.

American Receivable Compare Quotes