With banks and traditional factoring companies, there is only one investor to finance your invoice and it may take some time before you receive funding. One of the benefits of financing with PITFACTOR is that you have access to multiple investors who are eager to provide you with financing solutions and this helps to make the process more efficient. With PITFACTOR, you can stop worrying about meeting your cash flow needs and instead concentrate on the success of your business.
All information provided by our suppliers are verified for authenticity for you to make your own investment decisions. All financial information provided by our suppliers are certified and audited officially.
When customers and competitors know that your company is seeking financing, some of them may get the wrong idea. At PITFACTOR, we do our best to keep your company’s identity as anonymous as possible. We only provide investors with verified information to help them make any investment decisions. Your company details will be anonymous to the investors so you have the peace of mind. As we are dealing with non-notified invoice financing, your customers will not know of any required funding unless necessary.
PITFACTOR is an online platform created for both investors and suppliers to enjoy the benefits of Crowdfactoring. We are committed to giving our investors opportunities for lower-risk investments, total freedom of choice, accurate information, total transparency and to diversify your investment portfolio. Our commitment to SMEs are to provide you with the most effective way of financing invoices, total transparency, discreet financing and flexibility.
With banks and traditional factoring companies, early repayment of financing are greeted with additional charges to your company.
At PITFACTOR we give you the choice of early repayment with pro-rated interest rates. Our interest is calculated on a per-day basis. This means that the earlier you repay our investors, the less interest you pay.
If you are unable to repay our investors on time, we allow a one-time term extension with the same duration as the initial term. If notice is given to us at least 7 days before the maturity date, we will charge a fixed extension fee of 1% of the loan amount. If notice is given to us within the last 7 days before the maturity date, we will charge a fixed extension fee of 2% of the loan amount.