Factoring Requirements - General
Legalities, credit verification processes and other internal controls limit to whom and where a factor can fund.
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Business Structure. Most factors will only fund incorporated businesses, either C-corps, S-corps or limited liability corps (LLCs). Normally, factors will only fund invoices issued to other credit-worthy businesses, not individuals.
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Geography. Most factors will not fund businesses outside the U.S. Likewise, factors will generally only fund invoices issued to U.S. or Canadian-based businesses.
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Industry. Due to convoluted liability structures associated with these industries, most factors do not fund businesses in construction or medical care providers (specifically those that bill Medicaid, Medicare or 3rd party insurance carriers). However, there are a few factors who specialize solely in these niches.
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Hamilton limits its funding to U.S.-based, incorporated businesses. Hamilton does not fund within the construction industry or with medical care providers. Through Hamilton's affiliate network, we can readily refer your business to another commercial finance provider if your business falls outside Hamilton's funding parameters. |
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