If you are applying for a bank loan, be prepared to wait a very long time for the bank to approve your application. Unlike a bank, a down payment, credit rating and credit history are not prerequisites that determine your ability to use factoring.

Factoring is an alternative form of financing ideal for small and medium businesses, especially those that do not have a long and established banking history with a major credit provider.

Factoring is an alternative form Imagine you sold to a large supermarket chain, a developer, anyone who can dictate the rules of when and how they can pay. What usually happens next in such cases?

If your customers are paying with deferred payments and banks are not giving a loan, then factoring is the best solution not only to patch up financial holes, but also use it to aggressively grow your business.

Unlike a loan, with factoring you don't need to put down a deposit to get the money. Your receivables, that is, future earnings, become collateral.

The solvency of your customers is assessed. Financing conditions depend on the quality of the debtor. There are no restrictions.