Fri 15 Aug 2008
What Is Factoring?
Posted by announcerx under General, Finance, Money, Mortgage
Factoring is the purchase of an asset, your accounts receivable (invoices) from a business at a discount. In return, cash that is normally tied up for a 30, 60 or 90 day waiting period becomes immediately available to you. Having this additional cash allows you to take advantage of growth opportunities, reduce debt or pay daily or monthly operating expenses. Factoring is a fast, easy and flexible way to improve your cash flow and generate working capital for your company so you can achieve the success you are striving for.