With factoring, the company selling the receivables pays the factoring fees. E-TAD eliminates commercial disputes. Factoring neither helps or hinders your position in a commercial dispute. E-TADs are always transactional. The E-TAD Program provides benefits to both buyers and suppliers.
Bank loans provide benefit only to the receiving party.
Actrade's credit approval process requires completion of a single page Buyer Credit Profile form and submission of the most recent year-end financial statement. Credit decisions are generally made within 72 hours of submitting the completed documents. E-TADs are purchased without recourse. Bank loans and bank lines of credit do not eliminate seller recourse. Actrade does not charge an annual fee to use the E-TAD Program.