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Qualify for invoice factoring with bad credit

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cash flow crunch



Joined: 19 Sep 2006
Posts: 1

PostPosted: Tue Sep 19, 2006 12:10 am    Post subject: Qualify for invoice factoring with bad creditReply with quote

Can we qualify for a factoring loan if we have a bad credit history or are just starting in business with no credit history?
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The Mortgage-Pro
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Joined: 19 Jan 2005
Posts: 2248

PostPosted: Tue Sep 19, 2006 12:11 am    Post subject: Applying For Factoring - Your CreditReply with quote

The credit history of the company in need of cash is of little importance. It is the creditworthiness of the company's customer that matters most. As long as the customers are going to pay their invoices, the invoice factoring transaction can be completed.
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