Interesting Info
Factoring is one of the oldest methods of business financing in
existence. The history of factoring dates back to the days of
moneylenders in the middle ages. Factoring has been the working
capital facility of choice in Europe for centuries. It has taken
on a new life in recent years as a financing method for many
businesses in the United States.
Factoring is the sale of accounts receivable, as opposed to
borrowing against them as you would do with a bank line of
credit. By selling your invoices, you generate immediate cash
flow instead of having to wait for your customers to pay.
Companies often find themselves in the more ...
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