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Factoring Re-Discount Lines Of Credit
FactorHelp has relationships with large Factors that can provide ReFactoring and ReDiscount Lines of Credit (LOCs). In these programs, the ReDiscounter allows access to their menu of services as well as to funding. The small Factor essentially becomes a consolidator of small deals for the factoring ReDiscounter, which would not deal directly with these Clients due to either their size, financial condition or both.
These programs can be on a Non-Recourse basis, thereby protecting both the ultimate Client and the small Factor from credit losses. Factoring Rediscount Lines are more expensive than traditional Lines of Credit from 1st Tier Lenders or Banks. However, they allow access to the ReDiscounter's service capabilities and are easier to qualify for since the lender is actually Refactoring (hence the term).
Factoring rediscount lines of credit can also be structured as Credit Guarantees only (when no financing is required). These are most prevalent for Garment industry factors and Textile Industry factors.
Click Here to Submit Request for Line Of Credit
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