What is a Factoring Line of Credit?
Factoring Line of Credit is an alternative financing product that is unique to Accutrac Capital. A Factoring Line of Credit offers the best of both worlds:
- ready cash to grow your business, when you need it.
- takes away the hassle and headache by performing credit checks and managing all your receivables and collections for you.
How a Factoring Line of Credit Works:
- Accutrac manages all your company's invoices and receivables.
- You maintain a line of credit equal to 90% of your receivables and draw upon it as needed.
- You only pay factoring fees for funds drawn.
Qualifying for a Factoring Line of Credit is simple, because it's based on the creditworthiness of your customers, not your personal credit or the financial strength of your business.