What should I do if I do not qualify for a business line of credit?
There are many reasons why a business may not qualify for a business line of credit or have its existing line extended through a bank or traditional lender. When your company faces this dilemma, consider Accutrac's unique Factoring Line of Credit.
Our Factoring Line of Credit is easier to obtain because qualifying for factoring is based on the creditworthiness of your customers, not yours. It's unique because Accutrac not only provides you with a line of credit equal to up to 95% of your outstanding invoices, but also manages your invoicing and receivables, plus you only pay factoring fees on funds drawn. You make no payments because your customers pay Accutrac directly.