Home/Infographics/Factoring vs. Small Business Loan

  • Factoring is not a loan.
  • Minimal documentation needed.
  • Usually takes 2-5 days to receive money.
  • The credit of the individual owner is not a parameter in the qualification.
  • No personal guarantees needed in a factoring relationship.
  • With factoring, only the receivables need to be pledged.

Invoice Factoring vs. Small Business Loan