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 SUPPLIER FUNDING WORK?
Upload the approved
supplier’s invoice to your
First Up Lending pays the
supplier directly and sends
you an invoice
Supplier delivers goods directly to your business
You have up to 90 days to
settle the invoice amount,
with a mark-up for funding
costs, to First Up Lending
- – Who are manufacturers
- – Larger, more established companies
- – Want to extend payment terms to key suppliers
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.
Funding is charged as a % of each funded invoice 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.
No early termination fees, no monitoring fees, no unused line fees