Factoring is just one of the many methods and types of business finance. While virtually everyone is familiar with the concept of “getting a business loan”, that is too simplistic. There are, in fact, many types of business loans and, in some cases, the method of business finance is not actually a loan. That is …
Factoring 101: An Introduction to Accelerate Your Business Cash Flow Read More »
Factoring is one of the oldest known forms of commercial finance and though it has grown steadily through the centuries, its basic structure and list of services is still very similar to those found in transactions referenced during the Middle Ages. Over the centuries, factors have created many transactional programs to accommodate particular customer types. …
Factoring is a relatively simple form of commercial finance and once you grasp a few basic concepts, your product knowledge will expand fairly rapidly. Factoring is really just a financing method used by businesses to obtain cash. It is considered a type of asset-based finance (ABF) along with asset-based lending, equipment leasing, inventory finance and purchase …
Demystifying Factoring Terminology: A Guide for Business Owners Read More »