Spring

Spring provides working capital to consumer packaged goods brands and small businesses, helping them manage growth without waiting for customers to pay or orders to arrive. The company offers invoice factoring, purchase order financing, demand plan financing, and bridge funding, with funding amounts of up to $10 million for brands and $500,000 for small businesses. Invoice factoring advances up to 90% of an eligible bill, while purchase order financing can cover up to 60% of production costs. Demand financing supports production based on retailers’ plans, and bridge funding is sized using a business’s bank history, with repayment linked to sales.

Spring says it has funded more than $200 million for over 200 businesses, with eligible customers able to receive capital in as little as 24 hours. Its application process involves answering questions, connecting accounts through read-only links, reviewing an offer, and accepting it. Spring highlights upfront pricing and a streamlined process, and also provides finance software, product tours, resources, and customer support.