Factoring is favorable compared to traditional financing, though exact terms would be determined via an initial consultation with one of our financial advisors.
A bank’s lengthy process focuses on the company’s ability to repay any potential bank loan. A factor focuses instead on the financial strength of the company’s buyers (clients). Moreover, a bank loan may not be approved for the full amount your company seeks, leaving you in a position of weakness and debt.
Credit protection insulates your company from a debtor’s insolvency or their own lack of liquidity, which in turn, can have an unfortunate effect on your company’s financial health.