You delivered on Monday. Get paid on Tuesday, not in 60 days.
Dockdoor Capital factors wholesale and distribution receivables with facilities up to $5,000,000, advancing up to 90% of an approved invoice within 24 hours. There is no minimum credit score, because the credit decision is about the account that owes you — a grocery chain, a convenience-store group, a food-service operator, a school district — not about you. A facility opens in 3 to 5 business days.
What are the criteria?
Invoice factoring — criteria
- Facility size
- Up to $5,000,000
- Advance rate
- Up to 90% of the approved invoice face value
- Speed
- 3 – 5 business days to open a facility; 24 hours per invoice once open
- Minimum credit score
- None — the account debtor’s credit is what’s underwritten
- Minimum time in business
- 6 months
- Minimum monthly deposits
- $15,000
- Invoice age accepted
- Current through 90 days
- Recourse
- Recourse and non-recourse facilities both available
- Documents
- Application, A/R aging report, sample invoices with proof of delivery, customer list, 3 months of business bank statements
- Eligible
- Invoices to grocery, convenience, food-service, institutional, industrial and other business accounts on net terms, delivered and accepted
- Not eligible
- Consumer receivables, marketplace payouts, card and cash-and-carry sales, pre-shipment or unbilled orders, intercompany invoices
- Underwritten
- In-house by Dockdoor Capital
Who is invoice factoring actually for?
Factoring is a B2B product, so it does not apply to the cash-and-carry counter or the marketplace storefront. It applies to the half of your book that buys on terms.
- Food-service distributors invoicing operators, caterers, institutions and contract-feeding groups on net-30 or net-45.
- Grocery and convenience wholesalers waiting net-45 to net-90 on chain and regional-group accounts.
- Produce, meat and seafood wholesalers — including receivables under the PACA trust.
- Importers and specialty-food houses selling into retail and distribution on terms after paying the factory up front.
- Packaging, disposables and janitorial suppliers billing multi-location customers monthly.
- Industrial, MRO and building-materials wholesalers invoicing contractors and plants on net-30 to net-60.
If your customers pay at the counter or through a marketplace and you got here looking for cash flow, the product you want is working capital or a line of credit. Card, cash and marketplace receipts cannot be factored.
How does invoice factoring work, step by step?
- Deliver the order and invoice your customer. The truck is unloaded, the receiving clerk signs the BOL, the invoice goes out on your usual terms. Nothing about how you sell changes.
- Upload the invoice and the proof of delivery. Once the facility is open, you submit invoices as you raise them. There is no re-application per invoice.
- Up to 90% is advanced within 24 hours. The advance lands in your operating account against the approved face value of the invoice.
- Your customer pays, and you get the reserve less the fee. The remaining balance is released when the account settles, net of any deductions the account took.
A facility opens in 3 to 5 business days. After that, each invoice funds in 24 hours. Most distributors run factoring alongside working capital or a line of credit — one funds the buy, the other funds the sale. They are complementary, not competing.
What happens to a $100,000 invoice?
A distributor delivers to a grocery group and invoices $100,000 on net-60. At a 90% advance rate, $90,000 lands within 24 hours of approval. The $10,000 reserve is released when the account pays, less the fee and less any deductions the account took.
The fee itself is set by your account’s credit, the invoice ageing and your dilution history, and is stated in your facility agreement before you sign. Illustrative only. Nothing on this page is an offer.
Illustrative invoice — $100,000 on net-60
- Invoice
- $100,000
- Advance (up to 90%), within 24 hours
- $90,000
- Reserve held
- $10,000
- Released when the account pays
- The reserve, less the fee and any deductions
- Fee
- Stated in your facility agreement before you sign
- Status
- An illustration of mechanics, not an offer
What a distributor needs to qualify.
Every number below is a real criterion. If you clear these, apply. If you don’t, call us and we’ll tell you what would change it.
| Minimum monthly revenue | $15,000 in business bank deposits |
|---|---|
| Minimum time in business | 6 months |
| Minimum credit score | None for working capital or factoring. 600+ for a line of credit. 650+ for a term loan. 680+ for SBA. |
| Funding range | $10,000 to $2,000,000 for working capital. Up to $5,000,000 for term loans, SBA, and factoring facilities. |
| Time to a real offer | About 4 business hours on a complete file. |
| Time to funding | 24 hours. Same day if a clean file is signed before 11:00 AM ET. |
| Documents required | Application plus your 3 most recent months of business bank statements. 4 months if your business is seasonal. Factoring adds your A/R aging and sample invoices. |
| Contract length | 2 pages. |
| Repayment | Fixed daily or weekly ACH from your operating account. No split funding. No holdback percentage. No lockbox. |
| Prepayment discount | Up to 30% off the remaining cost of funding when a working capital advance is paid off within the first 30, 60, or 90 days. |
| Receivables on terms | Factorable. Net-30 to net-90 invoices owed by grocery chains, convenience stores, food-service operators, institutions and other business accounts. Up to 90% advanced. |
| Supplier deposits, containers & duty | Approved uses. Purchase orders, supplier deposits, landed cost, customs duty and freight are what working capital and a line of credit are for here. |
| Business types approved | Broadline and specialty food-service distributors, produce, meat and seafood wholesalers, beverage distributors, importers and container buyers, grocery and convenience wholesalers, cash-and-carry warehouses, packaging and disposables suppliers, frozen and cold-chain distributors, DSD route distributors, smallwares dealers, industrial and MRO wholesalers, building-materials supply, e-commerce and marketplace wholesalers, apparel and general-merchandise wholesalers. |
| Not required | Collateral for working capital. A business plan. Tax returns under $500,000. A warehouse you own. A minimum SKU count or customer count. Domestic-only sourcing. |
| Open to | U.S. businesses with a U.S. business bank account. All 50 states. |
Four minutes. Three bank statements. No credit impact to apply.
Factoring questions, answered.
Does my customer know I am factoring?
On a notification facility, yes — the account remits to a payment address in your company’s name. Grocery chains and food-service groups see this every day; it does not affect your standing with their buyers. Non-notification facilities exist for larger accounts; ask when you apply and we will tell you which structure your receivables support.
What if my customer doesn’t pay?
On a recourse facility, the invoice comes back to you and you repay the advance or substitute another invoice. On a non-recourse facility, Dockdoor Capital carries the credit risk of the account’s insolvency, which is priced accordingly. Both structures are available.
Can I factor marketplace or card receipts?
No. Marketplace payouts, card settlements and cash-and-carry sales are not invoices and cannot be factored. Monetising that volume is a working capital advance, which is a different product with different criteria.
What about short-pays, deductions and chargebacks?
Tell us how your accounts behave. Grocery and chain accounts routinely deduct for promotions, shortages and damages. We underwrite against your dilution history and set the advance rate accordingly, rather than discovering it after the first remittance.
Is produce under PACA factorable?
Yes. Receivables covered by the PACA trust are routinely factored. We will ask how your trust language appears on the invoice and structure around it.
Is there a minimum volume to open a facility?
The standard criteria apply: $15,000 a month in business bank deposits and 6 months in business. Facilities run up to $5,000,000, so a two-truck distributor with three chain accounts can open one.
How is factoring priced?
As a discount off the invoice face value, held back in the reserve and released when your customer pays. Pricing depends on the account’s credit, the invoice ageing, your dilution history, and whether the facility is recourse or non-recourse. Your facility agreement states the full schedule before you sign — see disclosures.
Your invoices are good. The timing isn’t.
Facilities up to $5,000,000, up to 90% advanced within 24 hours of invoice approval, no minimum credit score. A facility opens in 3 to 5 business days.