Factoring is a great opportunity for some businesses to get an advance of funds on their accounts receivables but can be a strange and new process for some to consider. Even though forms of factoring have been around since the 1600’s, it is somewhat unknown or considered to be the last ditch effort to save a failing business. However, factoring can be a very powerful tool to fund business growth and corporate expansions when used correctly. It’s hardly the last resort of a financially doomed company.
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