How is factoring different from a loan?
Because you are not borrowing money but rather selling your receivables, there is no interest to pay on a factoring advance. Unlike bank financing, which places a liability on your balance sheet, or private equity, which gives away ownership in your company, factoring enables you to grow debt free and retain full control. Best of all, we make quick funding decisions whereas banks could take weeks to approve a loan. To see all the differences, click here.
