Invoice Factoring

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August 29, 2024

by a searcher in Chicago, IL, USA

Does anyone have recommendations for Invoice Factoring companies that do not require a personal guarantee?

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Reply by a professional
from Bishop's University in Moncton, NB, Canada
There are different degrees of guarantee for factoring. While some factoring companies might try to get you to guarantee that the invoices will be paid, for example, all are worried you'll simply make up fake invoices and submit them fraudulently. So, while you may not have to guarantee the payment of the invoices for some, you definitely should expect to sign guarantees that put you on the hook for anything resembling fraud. These guys have been stung, usually.
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Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
We have plenty of asset based lenders including factoring companies. Some do not require a personal guarantee or they just require a bad boy carveout (limited guarantee for illegal activity or walking away). Happy to discuss. You can reach me here or directly at redacted
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