2. How is accounts receivable funding different than a bank loan?
During the application and approval process, we consider the overall strength of your company, including the creditworthiness of your customers and the strength of your relationship with them, your industry, your documentation, etc. On the other hand, banks focus on your company’s financial strength. Accounts receivable financing is not a loan; therefore no debt is entered on your company’s balance sheet. We can make a quick decision, while banks may take weeks-even months-to approve a loan.
7. Any obligation?
There is no obligation. “We earn your business every day TM “. No application fees or long term contracts. No expensive termination fees.