The checks on your own business are rather limited, instead, invoice finance companies focus on checking the history of your customers.
Lenders will make sure your clients have a substantial credit score and reputable repayment history before they agree to finance any invoices.
This makes it much easier for new businesses and smaller companies to qualify for invoice financing than it is for them to secure loans from the bank.
Nevertheless, if your business has a strong credit score, steady turnover, and a considerable reputation, you will most likely benefit from more favourable rates.