Flexent
6421 Canon Way, Gloucester, VA 23061
Primary product: Invoice factoring
About Flexent
Flexent is the factoring arm of Chesapeake Bank, a Virginia community bank, and is based in Gloucester, Virginia. It offers recourse invoice factoring, asset-based lending and freight factoring to US businesses in staffing, manufacturing, wholesale distribution, trucking, government contracting and IT consulting, including startups. Facilities run from $100,000 to over $8 million with advances of 80% to 90% and same- or next-day funding. Carriers get flat rates, fuel card discounts, free credit checks on freight brokers and a mobile app.
Financial Products
- Invoice factoring
- Recourse factoring
- Asset-based lending
- Minimum credit facility
- $100K
- Maximum credit facility
- $8M
Industries Served
Featured Services
- No minimum fees
- Same-day funding
- Online portal
- Mobile app
- Startups welcome
Standard Terms
| Startup fee | Contact for pricing |
|---|---|
| Contract term | Contact for details |
| Advance rates | 80%–90%Source, checked 2026-11-05 |
| Factoring fee | Contact for pricing |
| Minimum volume fees | NoneSource, checked 2026-11-05 |
| Additional fees | Contact for pricing |
| Reserves | Contact for details |
| Recourse | Recourse onlySource, checked 2026-11-05 |
| Funding speed | Same daySource, checked 2026-11-05 |
* Actual terms may vary. Your quote is set by the company for your volume and customers.