CIT

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”

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Will Wal Mart Help or Hurt Invoice Factoring?

  News that Wal Mart is getting into the invoice factoring business sent shockwaves throughout the industry, but now that the dust is settled, it begs the question: Will the world’s largest retailer hurt or help the industry? It could do a little bit of both. Even though invoice factoring has existed for hundreds of years, … Continue reading “Will Wal Mart Help or Hurt Invoice Factoring?”

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