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 start-ups and growing companies that can not obtain bank financing.
A few Industries that benefit from factoring
* Accounting * Marketing
* Banking * Medical Providers
* Business and Industrial Services * Oil and gas industry
* Cable installers * Staffing Agencies
* Construction * Telecommunications
* Financing * Transportation
* Distributors and resellers * Wholesalers
* Government Contractors
* Janitorial Services
* Law