Let First Up Lending Fuel Your Business Growth
Get pre-approved in 24 hours and funded in as little as 10 business days
How It Works
First Up Lending offers a range of funding products to support your business across the supply chain
OUR SOLUTIONS FACILITATE NEW SALES, PAY YOUR SUPPLIERS EARLIER, AND UNLOCK CASH TRAPPED IN YOUR PURCHASE ORDERS, INVENTORY AND INVOICES
Getting started is easy
Simple online application process
Easily & securely connect your accounting software to get a quick funding decision
After 24 hours, receive initial pre-approval and a Proposal Letter
Review & sign your funding agreement electronically. Get access to funding in as little as 10 business days
Request funds and manage your account online 24/7
How does an asset-based line of credit work?
We’ll set up a bank account in your name. This account will be used to process collections from your customers, as well as pay any interest & fees.
It’s easy to withdraw funds. Simply enter how much you need, up to your credit limit.
We’ll check you’ve enough collateral to support the request. You’ll see the funds in your account in less than 3 business days.
Manage Account Online:
You can log-in anytime to see how much of your credit line you have available and view your outstanding balance.
- – Who are engaged in B2B commerce
- – Work with a good quality customer base
- – Looking to release cash trapped in unpaid invoices and inventory
What does it cost?
No hidden fees or surprises
A flat $3,000 fee to cover searches and legal expenses. This is collected upfront before documents are signed
1% to 3% origination fee on the line of credit value, collected at closing.
Interest on your outstanding line balance. You only pay interest on the funds borrowed. We review pricing every year and we’ll always try to be competitive to keep your business.
No early termination fees, no monitoring fees, no unused line fees