Vendor Assistance Program (VAP) is a specialty finance company based in Chicago, IL, that has been a trusted partner of the State of Illinois' Vendor Payment Program since its inception in 2012. With over $11 billion in managed transactions and $6.3 billion in financed accounts receivable, VAP has assisted more than 1,000 businesses in expediting state payments.
Through their simple and efficient process, VAP works closely with vendors, providing advanced payment of 90% of invoice value, with the remaining 10% paid upon final state payment. With offices in Chicago, Philadelphia, Orlando, and San Juan, Puerto Rico, VAP continues to be a leading provider of accounts receivable financing, helping businesses navigate the Vendor Payment Program and ensuring timely payments from the State of Illinois.
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