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Accounts Receivable Financing
"Factoring" allows business owners to grow, survive a
downturn, on supplies or meet tax expenses without taking on
debt.
It is a process in which
accounts receivable are purchased by a funding source to
make immediate cash available to businesses at a discount.
This service has been used for
decades by major corporations and has now become available
to small and mid-sized companies.
Businesses are finding many
situations where they can not afford to wait 30-120 days for
their accounts receivable collections.
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