FAQ
You can learn more from our FAQ
Technically factoring is not a loan, it is the purchase of future receivables (payments made to you for good or services). In exchange for funding receivables in advance, factoring companies receive a small fee for their services. This is a great option for companies needing cash flow, who work with customers who pay in net terms.
It is common practice for lenders to require a personal guarantor from the business owner(s) to protect the lender should the business default on the loan. In this event, approvals would be based on an applicants credit worthiness. This requirement is sometimes waived for businesses in operation for 5 or more years with established business credit.
Collateral is any asset or assets, which can be offered by a borrower to secure a loan. Should a borrower default, the lender can take possession of the asset, or assets to satisfy the debt.
A personal credit score is a reflection of how someone repays their mortgage, auto loans, credit cards or other personal obligations. Personal credit scores typically range from the 300's to the 800's. The higher the score the better. A business credit profile reflects how a business owner meets their business' financial obligations. There is no universal business credit score. The three primary business credit bureaus are: Dun and Bradstreet, Experian Business, and Equifax Business.
Schedule a consultation
Main office address:
9500 Ray White Rd Suite 200
Keller, TX 76244
Call for assistance:
817-928-5494
Email us at :
info@apexcfs.com
