Factoring

Factoring is a basic method of financing that is used in some cases, usually in a service-only or a development-stage business. Once a sale is made, the receivables are purchased by a lender at a discount, speeding the cash return. The rate of discount is adjusted by any uncollectibles and by the number of days it takes to receive in the receivable. We have relationships with reputable vendors of this service and can help determine if you would benefit from this strategy!

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