Loan or Advance against receivables (also known as Receivables Lending, Receivables Finance, Invoice Financing, Trade Receivable Loans or Trade Loans)

It is financing made available to a party involved in a supply chain on the expectation of repayment from funds generated from current or future trade receivables and is usually made against the security of such receivables, but may be unsecured. 

This structure may be difficult to obtain true sale treatment if the characteristics are similar to a loan secured against the receivables.