LENDER-RI24I10805EB000207
$495.00
Purchase for full contact information of one or more deal team members. All purchases are final and non-refundable.
Description
– Providing factoring to companies against their accounts receivable
– Usually will fund up to 80-95% of the value of the receivables
– Loan sizes range from $500k to 5M
– Industry agnostic but like staffing, service businesses and manufacturing/distribution
– Prefer companies with profits but will consider if there is a story/path towards profitability
– Most of their deals are non-recourse loans, meaning that the lender assumes the risk of non-payment by the borrower.
– Terms can range from six months to two years.
– Can close very quickly
– Interest rates on factoring loans are typically higher than traditional loans due to the higher risk involved.
– May require personal guarantees or collateral for the loan.