Factoring History
Explore the world of factoring, a key financial strategy for business success. Ideal for business owners and entrepreneurs, factoring offers a clear path to financial stability.
Surprisingly, this effective financial tool is rarely discussed in business education, yet it plays a crucial role in unlocking financial resources, supporting business growth and sustainability.
What is factoring? It's a straightforward process of buying invoices at a discount, a common practice in today’s credit-based business environment. This practice has a rich history, originating from ancient Mesopotamia.
Throughout history, factoring has been a preferred financial solution, more efficient than traditional banking methods. From the Romans to the American colonists, it has been a cornerstone in business transactions.
In the modern era, factoring remains a vital financial tool. It is diverse in its forms, serving businesses in various industries, especially beneficial during periods of high interest rates and strict banking regulations. Factoring continues to enable businesses to sell billions in receivables, ensuring growth and financial health.
We relieve your headaches and stress of collecting on accounts receivables.
You have 24/7 account access 365 days a year.
When you call, you get to speak to a real live person.
Don't wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank's schedule.
If you need cash and you're sitting on a lot of unpaid invoices then factoring with us is the way to go. We'll give you the cash that your business needs and collect from your customers.
Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.
If you're a start-up or your business has a poor history or credit then you can still get the cash that you need. Today's banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.
Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you're not equipped to handle.