Can factoring help me obtain funds for my business even after the bank told me NO?
Yes, factoring can offer an alternative form of financing even if the bank has turned your business down for a loan or line of credit. Unlike the bank, Accutrac takes a different approach by considering your accounts receivable as collateral to secure funds. To qualify your company for factoring, Accutrac considers the credit rating of your customer not yours. If you do business with creditworthy customers, you can obtain cash flow for your business even if the bank said NO, by factoring your accounts receivable.