How it works. Pick an unpaid invoice inside Nova. Get funded the next business day. Pay one clear fee, shown up front. No surprises, no compounding interest. Only use it on the invoices you need it for.
You did the work. Get paid tomorrow, when you need it.
QuickPay Direct advances cash on your unpaid invoices, funded the next business day, with a transparent fee, not a loan, and no hit to your balance sheet.
Spot factoring: one invoice, not your whole ledger.
QuickPay Direct (QPD) is spot factoring. You pick the single invoice you want to get paid on, when you want it, and you leave every other invoice alone. That’s a different deal from traditional factoring, where you have to sign over your entire receivables ledger, lock into a long contract, and have all of your customers redirected to pay the factor.
Why our funding partner, Viva Capital, can do it one invoice at a time: they can see the data in Nova. Most financiers won’t touch single-invoice factoring, because with only one invoice to go on, they’re working blind. Viva isn’t. Your projects, your billings, and your receivables are right there in Nova, so Viva can underwrite one invoice with confidence instead of taking your whole book as security. The same clarity that helps you run the business is what makes the financing possible.
And it isn’t a loan. No bank relationship to open. No debt on your balance sheet. You’re getting paid early on money you’ve already earned, not borrowing against your future.
Nova tells you which invoice to factor, and what it’ll cost. Before you factor anything, Nova shows you the fee and the tradeoff against your cash forecast, so you decide with the numbers in front of you. Nova knows which invoice makes sense to advance and which to leave alone.
What would this invoice cost you?
One flat fee, shown before you commit. In Nova, this runs against your real cash forecast.
30 days
1306090
Single invoice. No contract, no whole-ledger commitment.
Tomorrow
$40,000
80% advance, next business day
~Day 30 · client pays
+$8,750
The remaining 20%, minus the fee
You keep$48,750
Nova’s fee$1,250 (2.5%)
How does invoice factoring work for contractors?
You select an unpaid invoice, a financing partner advances most of its value right away, and the fee is settled when your customer pays. With QuickPay Direct, you pick the invoice inside Nova, and the funds arrive the next business day.
Is QuickPay Direct a loan?
No. It’s an advance on money you’ve already earned, backed by Viva Capital. No personal guarantee, no debt on your balance sheet, and no bank relationship to open.
Do I need good credit or a relationship with a bank?
No. The advance is against your invoice, not your balance sheet, so it doesn’t hinge on your personal credit or a bank line, as a loan does.
What does it cost?
A single transparent fee, shown before you accept. The fee is based on the invoice and how long it’s expected to be paid, so you decide based on the number in front of you.
What is Viva Capital’s role?
Viva Capital is the financing partner that funds the advances. It’s what makes the cash real: an established partner behind QuickPay Direct, not a software feature.
How is the factoring fee calculated?
The fee is based on the invoice amount and how long until the invoice is expected to be paid. The sooner it’s repaid, the lower the fee, and you see the exact amount before you accept.
Does the fee change based on invoice size or payer?
The main driver is the time to payment.