To qualify for invoice factoring, your business must meet the following requirements:
- Business must be in operation for at least 3 months
- You must have a personal credit score of at least 530
- Business must generate at least $10,000 in monthly revenue
- Business cannot be in a restricted industry such as: donation-based non-profits, political campaign, auto dealerships, insurance and financial institutions or lenders, gambling, pornography or paraphernalia, legal and illegal substances and paraphernalia, firearms and paraphernalia.
