Benefits of Factoring vs. Other Financing
|
| Financing Source |
Factoring |
Bank Loan |
Leasing |
Private Lender |
Venture Capital |
Is the application process simple? |
YES |
NO |
NO |
NO |
NO |
Can I receive funding fast?
|
YES |
NO |
NO |
NO |
NO |
Can owners keep all their equity?
|
YES |
MAYBE |
YES |
NO |
NO |
Can owners avoid any additional debt?
|
YES |
NO |
NO |
MAYBE |
NO |
Can businesses get funded if they do not have a track record? |
YES |
NO |
NO |
MAYBE |
MAYBE |
Can businesses get funded if they are not profitable? |
YES |
NO |
NO |
MAYBE |
MAYBE |
Will the funding source help owners reduce overhead and administrative costs? |
YES |
NO |
NO |
NO |
NO |
|
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