Almost every civilization that valued commerce has practiced some form of factoring, including the Romans who were the first to sell actual promissory note at a discount. Which gets credit as the "cradle of civilization."Īfter a while, Hammurabi and the Mesopotamiansīut factoring endured. These terms can squeeze the life(and cash isĭating back 4,000 years to the days of Hammurabi. Of goods and services, must extend terms to That in order to get business you, as a provider Thousands of businesses to grow and prosper.įactoring is the process of purchasing commercial accounts receivable(invoices) from a businessĪt a discount. Yet it is a financial process that frees up
Unknown to the majority of American business people, Look forward to building one or are looking for newįinancial tools for your current employer,įactoring can help you reach your financial goals.įactoring has the ironic distinction of being theįinancial backbone of many of America's mostįactoring is not taught in business colleges, seldom mentioned in business plans and is relatively
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