Factors conduct credit checks to determine the level of risk they're going to take. Factoring companies are typically more concerned with your customers' creditworthiness because they're the ones paying for the invoices. But for invoice factoring, these aren't major determining factors. You have emergency expenses that you need to address immediatelyĬredit rating, loan history, and collateral heavily affect your ability to secure a traditional loan.
0 Comments
Leave a Reply. |