What is Factoring Line of Credit?

Factoring Line of Credit is an alternative financing option that’s unique to eCapital. Acting much the same as a business line of credit, it provides access to funds as needed with fees paid only on funds drawn plus a small administration charge. While it appears similar to a banking line of credit, it delivers far greater flexibility to optimize access to funds. Factoring Line of Credit is a form of invoice factoring and is therefore not a loan, it is the selling of invoice account receivables to build a cash reserve from which you are able to draw from.