Factoring allows businesses to sell its unpaid invoices to a factoring company in exchange for immediate cash
Improves cash flow without taking on new debt, reduces waiting time for payment, and can be easier to qualify for than traditional loans.
Factoring is only for business to business receivables.
Dollar Amount: Predicated on outstanding receivables (75-85% advance of outstanding invoices)
Term: 30-120 Days
Revenue Requirement: N/A
Time in Business: N/A
Credit Score: N/A