|
Factoring |
Bank Loan |
Private Investor |
Venture Capital |
Government Programs |
Going Public |
Mortgage |
Simple Application |
Yes |
No |
Depends |
No |
No |
No |
No |
Days to Fund |
24 to 36 Hrs.* |
60-180 |
30-90 |
90-180 |
60-180 |
120-270 |
60-90 |
Approval Based on Prospect's Credit |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
Funding Tied to Sales |
Yes |
No |
No |
No |
No |
No |
No |
Giving up Equity |
No |
No |
Yes |
Yes |
No |
Yes |
Yes |
Give up Control |
No |
No |
Sometimes |
Yes |
Sometimes |
Sometimes |
No |
Limited to Asset value |
No |
Yes |
Maybe |
No |
Yes |
No |
Yes |
Require Profitability |
No |
Yes |
Usually |
Usually |
Usually |
Yes |
No |
On-going Monitoring |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
No |
Reduce Overhead |
Yes |
No |
No |
No |
No |
No |
No |
