Factoring is easy to obtain. Since the factoring company uses your invoices as collateral, the most important prerequisite is that you do business with reliable customers. It is ideal for startups and growing companies that can not obtain bank financing.
Industries that benefit from factoring
* Transportation * Oil and gas industry
* Telecommunications * Construction
* Cable installers * Medical Providers
*Janitorial Services * Business and Industrial Services
* Staffing Agencies * Wholesalers
* Distributors and resellers * Government Contractors