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How is Early Pay different from factoring?
Compare Constrafor's Early Pay Program (EPP) to traditional invoice factoring
Constrafor’s Early Pay Program (EPP) is designed for the construction industry and offers faster payments without adding any debt to your balance sheet.
Unlike traditional factoring, the EPP provides payments within 48 hours of invoice approval, features a transparent fee structure, and integrates seamlessly with general contractors. It also simplifies compliance and risk management, while traditional factoring can involve complex agreements, longer processing times, and may affect subcontractor credit.
For further information, please see this article.