Factoring vs. Bank Loans
Which One is Right For my Business?
There is no more important question than how to fund your business. In tough economic times many traditional sources of business funding dry up. Banks change their lending requirements regularly, oftentimes making it harder to qualify for financing. Factoring companies, on the other hand, grow through most economic cycles and think your business should too. Whether the economy is down and your sales are down or the economy is booming and your sales are booming, you can get factored. Read our infographic below to learn about some of the main differences between factoring and a traditional bank loan.