What is Invoice or Receivables Factoring

Widely accepted as an alternative financing source, Invoice or Receivables Factoring is used extensively in almost every industry by companies that need immediate cash -either for growth or for survival -and may or may not qualify for traditional loans or grants.
What is Invoice or Receivables Factoring
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With accounts receivable funding or factoring, your invoices for goods or services rendered to your customers can be converted into immediate cash to better manage and expand your business. Some of the more common industries that rely on accounts receivable funding to maintain a steady flow of cash include:

Personnel/temporary agencies

Trucking companies

Caterers

Commercial printers

Commercial bakeries

Manufacturers

Wholesalers

Importers

Distributors

Apparel (garment. textile}

Communications companies

Footwear manufacturers

Toys and sporting goods

Security companies

High-tech and related industry

Cable installers

Professional services (legal, accounting}

Medical groups

Physicians

Hospitals

Nursing homes

Assisted living facilities

and
ANY BUSINESS GENERATING INVOICES
TO BUSINESS OR GOVERNMENT

By Afra AmirSanjari
Published: 8/26/2005
 
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