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When a company is in need of quick cash, they can sell some or all of their accounts receivable, or monies owed to them, to a factoring agent for quick access to money. The receivables are sold at a discount, and then it is up to the factoring agent to collect on the debt.

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12y ago

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Factoring of Debts or Invoice Factoring is primarily utilized by New Businesses since traditional sources of financing & equity are not available to them yet. There has also been a recent increase in popularity for Factoring now that banks are more hesitant to loan money in general, so established businesses are more frequently turning to Factoring for a quick, hassle-free funding source. For Invoice Factoring, You can easily compare competing Factoring Lender Rates for Free by submitting a request at ProposalPortal.com by pasting this link into your browser: leads.proposalportal.com/_forms/subforms/index.php?type=12&source=Wiki ----


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