What is Factoring? Factoring is a financial transaction in which a business sells its accounts receivable (invoices) to a third party (a factor). For most businesses accounts receivable is one of the largest assets on their financial statement. However, that asset lies dormant until the time of collection; making it difficult for business owners to meet the financial obligations of running their company and hindering their ability for growth.
Factoring enables a company to convert accounts receivable to immediate cash upon the completion of a sale of goods or for services rendered.
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