Factoring

Work Process Service Advantages

Priority	Short-term Bank Loan(Secured with Collateral)	Short-term Bank Loan(Unsecured)	Product
Requirement of Paperwork	Latest 03 years Financial Statement Legal Documents Business Operation Assessment	Latest 02 years Financial Statement Business Legal Document Business Operation Assessment	No Requirement for Financial Statement No Assessment on Business Operation.
Contract Signing	Hard copy with Sign & Seal	Hard copy with Sign & Seal	Online Digital Sign
Approval Process	Appraisal to grant Limit Detailed appraisal on each disbursement	Appraisal to grant Limit Detailed appraisal on each disbursement	Granted Limit without Appraisal. Transaction Assessment for each Payment
Speed to Appraisal	Weeks/Month	Weeks/Month	Hours/Day
Collateral Requirement	Required	Personal Guarantee	Not Necessary
Business Profitability	Last 1 year	Last 1 year	Not Necessary
CIC Requirement	Type 1	Type 1	Not Necessary
Seeding Usage Control	Always	Always	Not Necessary
Funding Rate	Floating	Floating	Fixed for 1 year
Account of Payment	Third party Account	Third party Account	Direct to Client
Speed to Funding	1 - 2 Week(s)	3 - 5 Days	12 - 24 Hours
Post Control	Required	Required	Not Necessary
Financial Statement Record	Increase Short-term loan	Increase Short-term loan	Not affect Liabilities
CIC Record	Increase loan in CIC report	Increase loan in CIC report	Not affect CIC report