How expensive is factoring?
Factoring can be more expensive than traditional bank financing because it involves dealing with businesses that are typically perceived as being too high risk for banks. Companies that can obtain traditional bank financing are naturally not a good fit for factoring or for Allied. However, for those companies that have cash flow challenges and cannot obtain bank financing, factoring is an excellent choice. It can provide the cash needed, but it can also provide other valuable services such as credit checks and collections.
