Why Pymes Capital
Bank loans | Factoring | Credit card | ||
---|---|---|---|---|
Approval Rate | High | Low | Medium | high |
Average approval time | 1 day | 21 days | 21 days | 14 days |
Performance based return | Yes | No | No | No |
Cost | 18% advance fee | 25% to 45% Interest Rate | 15% - 20% advance fee | 55% - 65% interest rate |
Criteria for decision | Business performance | Personal history, Business performance, assets on hand | Personal history, Business performance, assets on hand, open invoices | Personal history, Business performance |