How quickly can a Back of the Yards business be funded?

Most Chicago applicants are approved in 2–3 business days. Once your account is live, invoices are funded same day to 24 hours.

What does invoice factoring cost in Back of the Yards?

Typically 1%–3.5% per 30 days, with up to 95% upfront advanced. Location doesn't change pricing — your rate is set by monthly volume, your customers' credit and how quickly they pay.

Which Back of the Yards businesses use invoice factoring most?

Around Back of the Yards we see the most demand from food & bev, manufacturing, trucking companies, plus professional services firms and B2B suppliers billing on net-30 to net-90 terms.

Do I need an office in Back of the Yards to qualify?

No. What matters is that your business is US-registered and invoices creditworthy commercial or government customers. Home-based and mobile operators across Chicago qualify on the same basis.

Can I finance invoices to customers outside Illinois?

Yes. Your customers can be anywhere in the United States — several of our Illinois clients invoice nationally. We assess each customer's credit, not their location.

Industrial district · Chicago, IL

Invoice Factoring in Back of the Yards

Sell your invoices, get paid today, and let us handle collections.

Serving Back of the Yards and all of Chicago
Up to 95% upfront advanced, same day to 24 hours
Specialists in food & bev receivables
Approval based on your customers' credit

Advance: Up to 95% upfront
Cost: 1%–3.5% per 30 days
Funding: Same day to 24 hours

Invoice Factoring for Back of the Yards businesses

Back of the Yards sits inside one of Chicago's working commercial districts. 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. We fund companies there with invoice factoring, typically same day to 24 hours.

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.Choose invoices. Select which invoices to factor — all of them or just a few big ones.
2.Verification. We confirm the invoice with your customer and run a quick credit check.
3.Same-day advance. Receive up to 95% of the invoice value by ACH or wire.
4.We collect. Your customer pays us; we send you the remaining reserve minus the factoring fee.

Why Back of the Yards companies choose National Invoice Factoring

Same-day funding for established clients
Spot factoring or full-ledger options
Free customer credit checks
Professional, relationship-friendly collections
Fuel advances and quick-pay for carriers
No long-term contracts on select programs

Who qualifies

B2B or B2G invoices for completed work
Customers with acceptable payment history
Business registered in the United States
Invoices free of other liens or able to be subordinated

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
The invoices you want to factor, with proof of delivery or completion
A customer list with contact details for verification
Articles of incorporation and your EIN
A voided business check and photo ID for each owner

Back of the Yards at a glance

District	Back of the Yards
Type	Industrial district
City	Chicago, IL
Service	Invoice Factoring
Advance	Up to 95% upfront
Funding	Same day to 24 hours

Around Back of the Yards

47th Street
Ashland Avenue
Stock Yards Industrial Park

Talk to a funding advisor

Find out what you qualify for in Back of the Yards

A short conversation is enough to size a facility. No obligation, and no impact on your credit.

(929) 658-8087

Mon–Fri 8am–7pm ET

Back of the Yards sectors

Industries we fund in Back of the Yards

These are the sectors most active in this industrial district, and the ones whose customers pay on the longest terms.

Food & Beverage Distribution

Paid in 21–45 days from grocers and foodservice

Perishable goods move fast but grocers and foodservice buyers still pay on terms, creating constant cash pressure.

Food factoring advances on grocery and foodservice invoices; PO financing can fund large seasonal buys.

Produce & protein purchases
Cold-chain logistics
Grocery chain orders

Food & Bev financing

Manufacturing

Paid in 45–90 days from OEMs and distributors

Raw materials, labor and machine time are paid upfront while OEM customers stretch terms to 60 or 90 days.

AR financing unlocks cash tied up in shipped orders, while PO financing can fund materials for large new contracts.

Raw materials
Production payroll
Equipment uptime

Manufacturing financing

Trucking & Freight

Paid in 30–60 days from brokers and shippers

Fuel, insurance, maintenance and driver pay are due every week, but brokers and shippers pay in 30 to 60 days.

Freight factoring turns each delivered load into cash — often the same day you upload the rate confirmation and signed BOL.

Fuel advances
Driver payroll
Truck repairs

Trucking financing

Worked example

What invoice factoring costs in Back of the Yards

A $50,000 invoice factored at a 90% advance and 2% per 30 days, paid by the customer on day 30.

Illustrative figures. Your advance rate and fee are confirmed in a written term sheet before you sign anything.

Invoice amount	$50,000
Advance rate	90%
Paid to you upfront	$45,000
Factoring fee at 2%	$1,000
Reserve released on payment	$4,000

You receive $49,000 of the $50,000 invoice, at a total cost of $1,000.

Compare your options

Invoice Factoring or AR Financing for your Back of the Yards business?

Both turn future customer payments into cash today. They differ in when they apply, what they fund and what they cost.

	Invoice Factoring	AR Financing
Advance	Up to 95% upfront	80%–95% of invoice value
Typical cost	1%–3.5% per 30 days	0.75%–3% per 30 days
Funding speed	Same day to 24 hours	24–48 hours after approval
Best for	Trucking, staffing, manufacturing, construction and service firms	B2B companies with creditworthy customers on 30–90 day terms

Read the full comparison

Food & Bev scenario

Food distributor funds a seasonal grocery buy

Challenge: Grocery chains paid in 30 to 45 days while protein and produce had to be bought upfront.
Solution: Food factoring on grocery invoices, with PO financing for the seasonal buy.
Outcome: Filled the seasonal program and protected margin on cold-chain logistics.

Illustrative example based on a typical client situation, not a specific named client.

See the program

How it works

From application to funding in three steps

Apply in 10 minutes

Share basic company info and a recent AR aging or purchase order.

Approval in 24–72 hours

We verify your customers and send a clear term sheet — every fee disclosed.

Funded by wire or ACH

Receive your advance, typically within 24 hours of submitting invoices.

Chicago districts

Invoice Factoring in other Chicago districts

We cover every commercial district in Chicago. Pick the one closest to your operation.

Industrial district

Calumet Industrial Corridor

A far south side belt of steel finishing, barge terminals and heavy manufacturing around Lake Calumet, where suppliers and haulers carry material costs while mill and infrastructure customers pay on long terms.

Industrial district

Clearing Industrial District

A longstanding rail-served manufacturing and warehouse district on the southwest side near Midway, where fabricators and carriers ship to industrial buyers whose purchase orders carry payment terms measured in months.

Business district

Fulton Market

A former meatpacking and produce district on the Near West Side now mixing food wholesalers with corporate offices, where suppliers and contractors invoice restaurant groups and large tenants on extended terms.

Industrial district

Goose Island

A river island industrial pocket near downtown holding fabrication shops, prototyping labs and distribution space, where small producers deliver to corporate and institutional buyers that route invoices through formal procurement.

Business district

Illinois Medical District

A near west side campus of hospitals, research buildings and clinics where nurse and allied health staffing agencies pay clinicians weekly while hospital systems and payers reimburse on much slower cycles.

Port & logistics district

O'Hare Cargo Area

The freight and warehouse zone surrounding O'Hare, filled with forwarders, customs brokers and cartage operators who advance handling and duty costs while importers and shippers pay against delivered documentation.

Industrial district

Pilsen Industrial Corridor

A Lower West Side corridor of food processors, printers and metal shops along the rail and canal spine, where contract producers finance raw materials before wholesale customers settle on net terms.

Business district

River North

A downtown district of agencies, software offices and design showrooms north of the river, where project-based consultancies and technology staffing firms invoice corporate clients that approve payment after milestone review.

Business district

The Loop

Chicago's central business district of corporate offices, exchanges and government buildings, where staffing agencies, security firms and cleaning contractors meet weekly payroll while tenant and agency clients pay on delayed schedules.

Business district

West Loop

An office district west of the Chicago River anchored by corporate headquarters and trading operations, where building service, security and contract technology vendors bill large tenants through centralized accounts payable.

Chicago metro

Towns and suburbs we fund around Chicago

We serve the whole Chicago metro, not just the city limits — including the towns below.

Suburb

Alsip

A south-suburban industrial village along the Cal-Sag corridor, with steel service centers, plastics plants and contractors that deliver to builders and industrial buyers and collect on invoice.

Suburb

Bedford Park

A small rail-and-truck village on the southwest edge of Chicago, dense with intermodal yards, food plants and freight terminals whose operators bill shippers and grocery buyers after loads move.

Suburb

Bensenville

A DuPage County village pressed against the O'Hare cargo gateway, filled with freight forwarders, warehouse operators and truckers who move airfreight and bill shippers on standard logistics terms.

Suburb

Blue Island

A south-suburban town along the Cal-Sag Channel with a community hospital and older industrial blocks, where care providers and trade contractors bill insurers and commercial clients well after service.

Suburb

Bridgeview

A southwest suburb of truck terminals, equipment yards and contractor shops serving the Chicago market, where operators run payroll weekly but invoice general contractors and shippers on longer cycles.

Suburb

Broadview

A near-west village of distribution centers and rail-served warehouses, where logistics operators and wholesalers handle regional freight and invoice shippers and retail accounts on standard terms.

Satellite town

Chicago Heights

An industrial city at the south end of the metro where major highways and rail lines cross, with steel processors, builders and haulers that bill commercial and public customers on extended terms.

Suburb

Elk Grove Village

A northwest suburb built around a sprawling industrial park next to O'Hare, where machine shops, packagers and distributors supply national manufacturers and retailers that pay on corporate net terms.

Suburb

Franklin Park

An inner-ring industrial suburb beside O'Hare with rail yards and older factory blocks, where fabricators, printers and carriers serve regional manufacturers and distributors on deferred payment terms.

Satellite town

Harvey

A south-suburban rail town with a heavy manufacturing past, where surviving fabricators, recyclers and trucking firms serve industrial customers across the region and carry receivables between shipment and payment.

Suburb

Itasca

A DuPage business-park suburb near the airport corridor, home to distributors, technology vendors and professional service firms that invoice corporate customers and absorb the gap before payment arrives.

Satellite town

Lemont

A southwest canal town with refining and research facilities nearby, where industrial contractors, turnaround crews and specialty services invoice plant operators and institutions on long payment schedules.

Suburb

Lincolnshire

A Lake County office-park suburb along the Milwaukee Avenue corridor, where staffing agencies, consultancies and technology vendors place people with enterprise clients and wait out long vendor payment terms.

Suburb

Melrose Park

A west-suburban manufacturing town with a long heavy-equipment and metalworking history, where suppliers and job shops deliver to industrial customers and institutional buyers that settle invoices weeks later.

Suburb

Morton Grove

A north-suburban village with a long-standing industrial strip along Lehigh Avenue, where pharmaceutical packagers, fabricators and distributors supply regional and national buyers on standard credit terms.

Suburb

Niles

A near-north suburb with older industrial frontage and a cluster of medical and senior-care providers, where manufacturers and care operators bill commercial customers and insurers rather than collecting upfront.

Suburb

Northbrook

A North Shore suburb with corporate offices and medical campuses along the Edens corridor, where professional service firms and healthcare suppliers bill large organizations on corporate payment schedules.

Suburb

Northlake

A west-suburban freight and manufacturing town at the junction of major truck routes, where carriers, warehouse operators and metal shops serve shippers and industrial customers that pay after delivery.

Suburb

Vernon Hills

A Lake County commercial suburb with distribution and technology operations along Milwaukee Avenue, where resellers and suppliers ship to business and institutional buyers that pay on net terms.

Suburb

Wood Dale

A compact industrial village between O'Hare and the Elgin-O'Hare corridor, where precision shops and freight operators supply aerospace and consumer-goods customers that buy on open account.

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Factoring Cost Calculator

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Illinois guide

Factoring & AR Financing in Chicago, IL

How Chicago businesses use invoice factoring, AR financing and PO financing to get paid faster — local industries, costs and how to apply.

Read the guide