What is the approval process for factoring?
One of the main benefits of factoring is that your business collateral or personal credit aren’t very important to our approval process. We are far more concerned with how creditworthy your customers are for determining if you are approved to factor. This allows us to bypass many of the underwriting requirements that are mandatory for bank lines of credit or other traditional business finance options. This makes factoring a very attractive prospect for people with less than perfect credit histories or new businesses with unproven earnings.