What is the factoring business of P2P platform? Is it safe?

My understanding. Factoring is a kind of mortgage loan. Different from other mortgage loans, collateral is future cash or asset income. Such as enterprise accounts receivable.

The risk of factoring business on P2P platform, like other businesses, is the liquidity of collateral.

Physical mortgage, what affects liquidity is the fluctuation of physical price and liquidity, while factoring business affects liquidity is the change of enterprise management. Relatively speaking, the risk of factoring business is more difficult for ordinary people to judge.