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Most common pre-factoring concern was 'fees', survey by Site Creation Co., Ltd. finds

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AI Summary (NQ-processed)

Site Creation Co., Ltd. conducted a survey of factoring users, revealing that 'fees' are the biggest concern before usage.

AI Analysis

Frequently Asked Questions

Q: What should I do if I am worried about factoring fees?
A: It is recommended to obtain multiple quotes and compare the details of the contracts, such as the presence of administrative fees.
Q: Why might a factoring application be rejected?
A: Rejections occur due to factors like the creditworthiness of the debtor, authenticity of receivables, or incomplete documentation.
Q: How can I receive payment on the same day?
A: Prepare necessary documents (invoices, bank statements, contracts, etc.) promptly and choose an online-based provider.