Non-Bank Financing
The
Difference Between Bank and Non-Bank Financing
Obtaining a bank loan can be a long uphill struggle. National Banks would focus on borrowers with high earnings, excellent credit history, strong balance sheet and predetermined debt service ratios.
Non-bank factoring, attracts those companies which would not qualify under national bank lending standards, which may apply to certain borrowers with high leverage, negative net worth, recent losses, and those faced with fast growth/expansion needs. Under traditional lending guidelines these borrowers would not qualify.
Non-bank lenders in determining the lending criteria of a potential borrower would look at the company's business model, good diversification within the receivables, the basic capabilities of management, and the ability to generate eligible sales.
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