AR Financing for Back of the Yards businesses
A south side food processing and cold storage district descended from the stockyards, where meat and produce handlers front inventory and labor before grocery and foodservice accounts pay on invoice terms. National Invoice Factoring provides accounts receivable financing to companies operating in Back of the Yards, advancing 80%–95% of invoice value so payroll, materials and growth aren't gated by your customers' payment terms.
Illinois's wider economy runs on Chicago's freight hub, heavy manufacturing and food production, and Back of the Yards feeds into that supply chain. Approval here rests on your customers' credit rather than your own balance sheet, so younger companies in Chicago qualify alongside established ones.
Everything is handled online and by phone — there's no branch to visit in Back of the Yards, and no requirement to pledge real estate. Facilities run from $25,000 to $25 million and grow as your invoicing grows.
How it works in Back of the Yards
- 1.Deliver and invoice. You complete the work or ship the goods and invoice your customer as usual.
- 2.Submit the invoice. Upload invoices through our portal. We verify them with your customer.
- 3.Receive your advance. We wire 80%–95% of the invoice value to your account, typically within 24 hours.
- 4.Get the rebate. When your customer pays, we release the remaining balance minus our fee.
Why Back of the Yards companies choose National Invoice Factoring
- No real-estate collateral or personal-asset pledges required
- Facility grows automatically as your sales grow
- Approval based on your customers' credit, not just yours
- Recourse and non-recourse options
- Credit checks and collections support included
- Doesn't add long-term debt to your balance sheet
Who qualifies
- You sell to other businesses or government agencies (B2B / B2G)
- Invoices are for completed work or delivered goods
- Customers have reasonable commercial credit
- No unresolved tax liens that prevent a first-position UCC filing
What Back of the Yards businesses need to apply
Applying takes about ten minutes. Most Back of the Yards companies already have everything on this list, and nothing here affects your personal credit score.
- An accounts receivable aging report
- A sample invoice and the matching purchase order or contract
- A list of the customers you want to finance
- Articles of incorporation and your EIN
- A voided business check and photo ID for each owner
