What it is
You remit that amount, often daily or weekly. It is not a traditional loan. A factor rate is a multiplier, not an APR.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- Basic business details, such as legal name and industry
- A picture of any advances the business already has
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Compare options · All loan types