How does working capital financing work?

Working capital is a financing solution that provides businesses with access to short-term funds to cover day-to-day operations, manage cash flow gaps, or invest in growth opportunities. Daylit's solutions include accounts payable financing to delay vendor payments, accounts receivable financing to accelerate cash collection, and a revolving line of credit for larger cash needs.

What’s the difference between working capital line of credit and a business loan?

Unlike a traditional loan or MCA, working capital line of credit solutions are tied directly to invoices and bills. This means no lengthy paperwork or collateral requirements, terms that match your actual cash conversion cycle (30–60 days), and a flexible draw mechanic where you only pay for what you use.

How much financing can I get with a working capital product?

Credit limits are determined by monthly revenue and historical financials, modeled by Daylit's AI-driven underwriting engine. Typical transaction limits are up to $500k per invoice/bill. Lines of credit scale as your business grows, with re-underwriting every 90 days to increase available capital.

How quickly can I access working capital funds?

The application takes only 5–10 minutes. Businesses can often receive decisions instantly, with proposals delivered within 24–48 hours. Once approved, uploading an invoice or bill results in vendor payment the next day or immediate funding to your account.

Can I repay a working capital product early?

Yes. Customers can repay anytime without penalty. Early repayment saves you financing fees since costs accrue only for the time funds are outstanding. The only non-refundable cost is the initial 1% processing fee.

What is accounts payable financing?

Accounts payable financing, also known as reverse factoring, allows businesses to delay payments to their vendors while ensuring those vendors get paid immediately. This improves cash flow, boosts buying power, and allows companies to take advantage of early-pay or bulk purchase discounts.

What are the costs of accounts receivable financing?

Pricing is simple and transparent: a 1% flat processing fee at the time of funding, and a ~1% monthly financing fee, depending on risk profile. For example, funding a $10,000 receivable for 60 days would typically cost about $200 in financing plus the $100 processing fee.

What are the costs of a working capital line of credit for large purchases?

Costs include a processing fee of 3–5% at the time of draw (deducted upfront) and a financing fee of ~1–2% per month, depending on risk profile. There are no hidden fees, setup fees, or prepayment penalties, and businesses only pay for what they use.

Daylit: AI-powered platform for accounts receivable and working capital solutions.

Name: Daylit
Rating: 5 (79 reviews)
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Introduction:

AI-powered platform for accounts receivable and working capital solutions.

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Dec 05 2025

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Daylit Product Information

What is Daylit?

Daylit is an AI-powered Receivables Intelligence platform that helps businesses get paid faster and stop chasing customers. It leverages AI agents to automate accounts receivable operations, supercharge manual collections, and forecast cash flow. Beyond A/R intelligence, Daylit offers a comprehensive suite of working capital solutions including FundNow (accounts receivable financing), OfferTerms (extending payment terms to customers), PayLater (accounts payable financing/reverse factoring), and DrawDown (revolving line of credit for major investments). The platform aims to provide an all-in-one solution for managing cash flow, automating collections, and accessing flexible funding options across various industries.

How to use Daylit?

Businesses can use Daylit by integrating its AI agents to automate their accounts receivable processes, track receivables, and forecast cash flow. For working capital needs, users can apply for specific products like FundNow, OfferTerms, PayLater, or DrawDown directly through the platform. The application process is quick (5-10 minutes), often providing instant decisions and funding within 24-48 hours, with vendor payments or direct funding typically available the next business day after invoice upload. Users manage their finances and monitor credit usage via an intuitive online dashboard.

Daylit's Core Features

AI Agents for Accounts Receivable Intelligence

Working Capital Solutions (FundNow, OfferTerms, PayLater, DrawDown)

Automated Collections

Cash Flow Forecasting

Early-pay and Volume Discounts (via PayLater)

Revolving Line of Credit

Daylit's Use Cases

Accelerate cash collection from customer invoices.

Reduce time spent on manual collections and follow-ups.

Identify and mitigate at-risk accounts early.

Access fast funding for major investments or expansion projects.

Delay payments to vendors while ensuring they get paid upfront.

Offer flexible payment terms to customers to close bigger deals.

Secure early pay and bulk purchase discounts from suppliers.

Smooth out cash flow fluctuations and manage daily operational expenses.

Finance materials for larger customer orders or inventory needs.

FAQ from Daylit

How does working capital financing work?
What’s the difference between working capital line of credit and a business loan?
How much financing can I get with a working capital product?
How quickly can I access working capital funds?
Can I repay a working capital product early?
What is accounts payable financing?
What are the costs of accounts receivable financing?
What are the costs of a working capital line of credit for large purchases?

Daylit Support Email & Customer service contact & Refund contact etc.

Here is the Daylit support email for customer service: [email protected] . More Contact, visit the contact us page(mailto:[email protected]?subject=Contact%20Us)
Daylit Company

Daylit Company name: Daylit .

Daylit Company address: One Boston Place, Boston, MA 02108.

More about Daylit, Please visit the about us page(https://www.daylit.com/our-team-story).
Daylit Login

Daylit Login Link: https://portal.app.golendica.com/auth
Daylit Youtube

Daylit Youtube Link: https://www.youtube.com/@lendicainfo
Daylit Linkedin

Daylit Linkedin Link: https://www.linkedin.com/company/thedaylit
Daylit Twitter

Daylit Twitter Link: https://x.com/daylit_ai

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Daylit Reviews (0)

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Daylit Pricing

FundNow (Accounts Receivable Financing)

Variable

1% flat processing fee at funding + ~1% monthly financing fee (depending on risk profile).

PayLater (Accounts Payable Financing)

Variable

1% flat processing fee at funding + ~1% monthly financing fee (depending on risk profile).

OfferTerms (Payment Terms Product)

Variable

Financing fee (can be covered by vendor or buyer).

DrawDown (Working Capital Line of Credit)

Variable

3-5% processing fee at draw + ~1-2% monthly financing fee (depending on risk profile).

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