CIT Bankruptcy Filing Highlights Importance of Factoring
News that factoring giant CIT Group Inc. filed for Chapter 11 bankruptcy protection rocked the finance industry, but the fundamentals haven’t changed: Factoring remains a lifeline for mid-to-small businesses around the world. Account receivables factoring, or invoice factoring, is one of the oldest forms of financing. Businesses have used this type of financing for nearly 500 years. … Continue reading “CIT Bankruptcy Filing Highlights Importance of Factoring”