{"id":134,"date":"2022-11-29T16:29:10","date_gmt":"2022-11-29T14:29:10","guid":{"rendered":"https:\/\/knowledgebase.ifactor.ai\/docs\/cum-functioneaza-factoring-ul-ca-forma-de-finantare-alternativa\/"},"modified":"2023-03-15T14:22:47","modified_gmt":"2023-03-15T12:22:47","slug":"how-does-factoring-work-as-an-alternative-financing-method","status":"publish","type":"docs","link":"https:\/\/knowledgebase.ifactor.ai\/en\/docs\/how-does-factoring-work-as-an-alternative-financing-method\/","title":{"rendered":"HOW DOES FACTORING WORK AS AN ALTERNATIVE FINANCING METHOD?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The mechanism by which you can access factoring through the marketplace is through an auction process, by following these steps:\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Step 1: You can start the process by creating an account for your SME, in only 15 minutes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Step 2: After approval of the profile, which is usually received within a maximum of 24 hours, you need to upload the invoices for which you want financing.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Step 3: After verifying and approving the invoices on the platform by iFactor, the auction takes place, where banks, financial institutions, or private investors bid on the uploaded invoices, and you can choose the most suitable offer for your SMEs needs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Step 4: Obtaining financing, which usually takes only 24 hours from approval, thanks to the technology incorporated in the platform, which makes the entire analysis and approval process much faster than traditional processes.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The mechanism by which you can access factoring through the marketplace is through an auction process, by following these steps:\u00a0 Step 1: You can start the process by creating an account for your SME, in only 15 minutes.\u00a0 Step 2: After approval of the profile, which is usually received within a maximum of 24 hours,&hellip; <a class=\"more-link\" href=\"https:\/\/knowledgebase.ifactor.ai\/en\/docs\/how-does-factoring-work-as-an-alternative-financing-method\/\">Continue reading <span class=\"screen-reader-text\">HOW DOES FACTORING WORK AS AN ALTERNATIVE FINANCING METHOD?<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"doc_category":[15],"doc_tag":[],"class_list":["post-134","docs","type-docs","status-publish","hentry","doc_category-ifactor-criteria","entry"],"_links":{"self":[{"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/docs\/134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/docs"}],"about":[{"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/types\/docs"}],"author":[{"embeddable":true,"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/comments?post=134"}],"version-history":[{"count":2,"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/docs\/134\/revisions"}],"predecessor-version":[{"id":173,"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/docs\/134\/revisions\/173"}],"wp:attachment":[{"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/media?parent=134"}],"wp:term":[{"taxonomy":"doc_category","embeddable":true,"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/doc_category?post=134"},{"taxonomy":"doc_tag","embeddable":true,"href":"https:\/\/knowledgebase.ifactor.ai\/en\/wp-json\/wp\/v2\/doc_tag?post=134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}