VENDOR PAYMENT PROGRAM
The Vendor Payment Program is a simple process and takes just a couple minutes to sign up.
Enter basic company information. Once registered, we will work with you and the State to help get your eligible receivables.
Sign Agreements
Our systems will alert you when invoices are ready to assign, and will guide you through the assignment process.
Get Paid
VAP will advance 90% of your invoice value, paying the remaining 10% upon final state payment.
ABOUT US
Partner of the State of Illinois' Vendor Payment Program
Accounts
Receivable
Financing
Vendor Assistance Program is a specialty finance company founded in Chicago in 2010. In partnership with the State of Illinois, VAP helped launch the Vendor Payment Program in 2012, and was the program’s first Qualified Purchaser. To date, VAP has financed $5.7 billion of Illinois receivables and has been repaid $5.1 billion by the State. In total, VAP Companies and its principals have financed $11 billion in deferred payments.
$6.3 billion
RECEIVABLES FUNDED
VAP has financed over $6.3 billion in accounts receivable with $6.2 billion repaid to date.
1,000+
VENDORS ASSISTED
VAP has worked with over 1,000 businesses to aid in expediting State payments through the Program.
$11.8 billion
EXPERIENCE
VAP and its principals have managed in excess of $11 billion with over 100,000 individual transactions
LOCATIONS
VAP and Affiliates currently have offices in Chicago, Philadelphia, Orlando and San Juan, Puerto Rico.
Chicago (Headquarters)
66 E. Walton St., Floor 2
Chicago, IL 60611
312-273-9520
Orlando
700 West Morse Blvd
Winter Park, FL
312-273-9520
Philadelphia
290 King of Prussia Road
Bldg 1, Suite 306
Wayne, PA 19087
312-273-9520
San Juan
1225 Ave Juan Ponce de Leon
PH-1188
San Juan, PR 00907
787-520-5593
