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A/R Finance & Factoring Terms GLossary

What isBusiness Line of Credit Requirements

The requirements for a business line of credit from a bank are stringent and include 2 years of tax returns, YTD financials, your personal financial statements, cash flow, and sales projections, and your professional experience. Alternatively, If you are a startup or have bruised personal credit, you can secure an invoice factoring facility based on your creditworthy open invoices or A/R aging in just a few days.

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