- Gives your business access to UNLIMITED cash, subject only to your ability to sell your products or services. There is no ceiling beyond which a factoring company (Factor) will stop providing cash to your business. The more sales your business makes, the more cash it can draw. The Factor does not concentrate on your debt/equity ratio to provide funds, as do traditional lenders.
- Offers your business a dependable and continuing source of cash without the necessity of making separate loan applications.
- Eliminates the need to obtain funds from venture capitalists which would receive an interest in your business and generally have a say in how the business is run.
- Saves you precious time waiting for a bank to grant or deny your loan. Bank’s decisions are influenced by many considerations and the outcome is often unpredictable. With factoring, periodic delays and negotiations are eliminated, allowing you time to do what you do best, run your business.
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