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

1.

Simple online application process

2.

Easily & securely connect your accounting software to get a quick funding decision

3.

After 24 hours, receive initial pre-approval and a Proposal Letter

4.

Review & sign your funding agreement electronically. Get access to funding in as little as 10 business days

5.

Request funds and manage your account online 24/7

HOW DOES PURCHASE ORDER FUNDING WORK?

1.

Upload the approved
customer’s purchase order to
your online account

2.

First Up Lending pays your supplier
for the goods to complete the order.
Goods are delivered directly to your
customer

3.

First Up Lending collects
payment from your customer
or from your factor

4.

First Up Lending pays you the
customer invoice amount,
less funding costs

Best for Businesses:
  • – Who are B2B wholesalers and distributors
  • – Work with an established, good quality customer base
  • – Require funding to pay for finished goods orders

What does it cost?

No hidden fees or surprises

1.

A flat $3,000 fee to cover searches and legal expenses. This is collected upfront before documents are signed

2.

1% to 3% origination fee on the line of credit value, collected at closing.

3.

Funding is charged as a % of each funded Purchase Order (PO) balance, typically between 1-3% every 30 days. We review pricing every year and we’ll always try to be competitive to keep your business.

That’s it!

No early termination fees, no monitoring fees, no unused line fees