Top 7 Benefits of Factoring

January 21st, 2016

Although there are numerous benefits to Factoring, here are nine that top the list.

1. Cash without Debt

Unlike banking, factoring is not a loan and there is no interest to repay. It is simply the selling of an existing company asset – accounts receivable (current or outstanding invoices).

2. Simple Process

Unlike applying for a bank loans, setting up a Factoring account does not involve