What is Accutrac's Factoring Line of Credit?
The Factoring Line of Credit provides a line of credit equaling a percentage of the combined book of account receivables. The line can be drawn on as needed and fees are applied to funds withdrawn and a small administrative fee. This form of factoring is cost effective and beneficial to larger fleets.
Qualifying for our Factoring Line of Credit is based on the creditworthiness of your customers.
Commercial institutions investigate your financial history, credit rating, assets on hand, liabilities, and require you secure the line of credit against a personal or business asset to access.