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Factoring Companies Provide Financial Relief

June 8, 2016 at 11:03 am

With banks denying credit for most small businesses, companies are increasingly turning to invoice factoring for operating cash and expansion.

Factoring is increasingly popular: It is a form of commercial financing that uses a company’s oustanding, discounted invoices as collateral. So, instead of getting paid in 30, 60 or 90 days, the company gets cash in just a few days by offering discounted invoices to a factoring company.