Overview
American Receivable is a general business factoring company at 300 North Coit Road in Richardson, Texas, just north of Dallas. Its about page says it has provided small businesses with working capital since 1979. A 2025 company press release calls it an owner-managed factoring company. Several pages on its site say it has been owned and managed by the same people for more than 40 years.
That ownership is the company's main point of difference. Its homepage says it is "privately owned and managed by original founders," and its "what makes us stand out" page says it is not affiliated with a bank. The about page names Jack Stieber as president and a founder, and Brad Gurney as executive vice president and also a founder. Sierra Ryan is listed as chief operating officer, overseeing operations, credit management and underwriting. John A. Stieber, a professor emeritus of finance and economics at Southern Methodist University, is listed as chairman emeritus. An August 2025 press release says the company had reached 250 active clients nationwide. That makes American Receivable a small, closely held shop rather than a national platform, and you should expect to deal with senior people directly.
The company factors in all 50 states, according to its FAQ, but it is a domestic-only factor and does not offer international factoring. The FAQ says it works with businesses from start-up size up to $5 million in monthly sales. Its homepage frames the range as $10,000 to $5 million in working capital, with credit lines of up to $5 million.
Its industry pages cover staffing agencies, manufacturers, oil and gas service companies and IT firms. The FAQ adds outsourcing companies, wholesalers, distributors and service businesses such as healthcare. In short, it will look at most businesses that sell to other businesses on credit terms. Trucking is not one of the industries it markets to, and the site has no freight-specific products.
Rates, advances and fees
American Receivable is one of the few factors in our directory that prints a starting rate. Its homepage and every industry page say "rates starting as low as .8%, with up to 95% advances." That is a useful benchmark, but read it as the best case. A starting rate is what the strongest applicants get: large monthly volume, creditworthy customers who pay quickly, and little concentration risk. The site does not say what period the 0.8% covers. It could be per 30 days or per shorter interval, and it does not say how the rate rises if a customer pays late. Those details often matter more than the headline number. Ask for the full schedule before you compare offers, and see our calculator to test what a quoted rate costs over 30, 45 and 60 days.
The advance figures vary a little across the site. The homepage and industry pages say up to 95%. The IT page says advances are "typically up to 90%," and the general industries page describes a usual range of 80% to 90%. A May 2026 paid press placement went further and claimed advances of up to 96 cents on the dollar. We use the company's own site figure of up to 95%, and we expect most clients to receive less.
On fees, the homepage promises "no up-front fee, no due diligence fees and no surprises." The about page says there are no up-front fees, hidden costs or long-term contracts, and the FAQ confirms there is no application fee. We found no published list of ongoing charges such as wire fees, lockbox or processing fees, or late-payment add-ons. A factor that waives due diligence fees sometimes recovers costs elsewhere, so ask for every possible charge in writing. Our guide to hidden factoring fees explains which line items to look for.
The homepage also lists free Dun & Bradstreet and Experian reports. In practice that means free credit checks on your customers, which helps you decide who to extend terms to.
One detail worth knowing: the company's broker page says it pays referral brokers 20% of all fees earned each month for as long as the client stays in good standing. Ongoing broker commissions are common in factoring and are not a problem in themselves. Still, if a broker introduced you, it is reasonable to ask whether the commission is built into your rate.
Contract terms
American Receivable's stated terms are among the more flexible we have reviewed. The homepage and about page say it has no long-term contracts. The homepage says there are no monthly minimums or maximums, and its broker page says it never places minimum or maximum amounts on financed receivables. The FAQ says you decide which invoices to submit, so you are not required to factor your whole ledger. Taken together, that lets a small business factor only when it needs cash and stop when it doesn't. Still read the actual agreement for any notice period and for how the lien is released when you leave.
The company offers both recourse and non-recourse factoring, according to its homepage. It does not explain on the site which events its non-recourse plan covers. In most factoring agreements, non-recourse protection applies only when a customer cannot pay because of insolvency. It does not apply to disputes over the quality of the work, short payments or billing errors. Ask for the covered events in writing and compare the price of the two options. Our guide to recourse vs non-recourse factoring walks through the differences.
The company says its decisions rest on the strength of your customers and your product or service, not on your credit history. Its small-business page says it runs no personal credit checks. The "stand out" page says it works with companies in reorganization or with poor credit. That makes it a realistic option for businesses a bank has turned down, which is the market the company says it targets. Its about page notes that many referred clients eventually return to their bank for conventional financing.
Funding speed and service
The FAQ gives the most concrete timeline. Setting up a new client usually takes three to five days, and a proposal is normally issued within a day of a completed application. After that, American Receivable wires your money the next morning after you submit an approved invoice. Its marketing pages describe funding in as little as 24 hours. That is consistent with next-morning funding once you are set up, but don't expect your first dollars within a day of applying.
Clients get 24-hour access to an online portal, and staff are available during business hours, which the site lists as 8 a.m. to 4:30 p.m. A small office means fewer layers between you and a decision-maker, but also less coverage outside Texas business hours. There is no weekend or after-hours funding program on the site.
The company says Business.com has named it the best factoring company for small and mid-sized businesses nine years in a row, and its homepage shows an "A+ Rating on BBB" badge. We could not find the BBB profile itself to confirm the rating or any complaint history, so we have not relied on either claim. The testimonials on its site, including one from a nurse staffing company and one from a client of more than 20 years, are ones the company chose to publish.
Who it's for
American Receivable fits small and lower-middle-market B2B companies in staffing, manufacturing, distribution, oilfield services, healthcare services and IT. It suits owners who want a founder-run factor, flexible terms and no volume commitments. It is particularly suited to start-ups and businesses that have been declined by a bank, because it underwrites your customers rather than you.
It is a poor fit for trucking companies looking for fuel advances or broker credit tools, for businesses that need to factor foreign receivables, and for companies with more than $5 million in monthly sales. Businesses that need funding on weekends or after hours should look elsewhere.
Pros and cons
Pros
- Founder-owned and managed since 1979, with no bank affiliation
- Published starting rate of 0.8% and advances of up to 95%
- No long-term contracts, no monthly minimums or maximums and no up-front or due diligence fees
- You choose which invoices to factor
- Both recourse and non-recourse plans
- Free Dun & Bradstreet and Experian reports on your customers
Cons
- The 0.8% starting rate is a best-case figure, and the full rate schedule is not published
- Advance figures differ across its own site, from 80% to 95%
- Non-recourse coverage is not defined on the site
- Domestic only, with no international factoring
- Set-up usually takes three to five days, and there is no after-hours funding
- Small team with limited hours, and we could not confirm its BBB rating
How it compares
1st Commercial Credit, another Texas factor, also publishes a rate range and serves a similar mix of staffing, manufacturing and service businesses. In our review, it prints a lower floor but sets a monthly minimum. Goodman Capital Finance in Dallas is older and bank-owned, and adds asset-based lending for companies outgrowing factoring, but it does not publish rates. Riviera Finance is a better choice if you specifically want non-recourse factoring through a larger office network. Compare written quotes on the same set of invoices before deciding.
Frequently asked questions
What are American Receivable's rates?
Its site says rates start as low as 0.8%. That is the best available price. Your rate will depend on your volume and your customers' credit, so ask for the full schedule, including how the rate changes if an invoice is paid late.
How much does American Receivable advance?
Its homepage says up to 95%. Other pages on its site describe typical advances of 80% to 90%, so expect the exact figure to depend on your industry and customers.
Does American Receivable require a long-term contract?
No. Its homepage and about page say there are no long-term contracts, and the homepage says there are no monthly minimums or maximums.
How fast does American Receivable fund?
Set-up usually takes three to five days. After that, its FAQ says it wires funds the morning after you submit an approved invoice.
Does American Receivable offer non-recourse factoring?
Yes. Its homepage says it offers recourse and non-recourse factoring. Ask which customer failures the non-recourse plan covers before you choose it.
Is American Receivable affiliated with a bank?
No. The company says it is privately owned, managed by its original founders and not bank-affiliated.