Keith Gilabert, "Factor Financing for New Companies."
by keithgilabert, Window Shopper
- Created: May 20, 2012, 7:50 pm
- Updated: November 14, 2013, 7:59 pm
Factoring is a financing option for under-capitalized businesses that have the profit margins to absorb the factor's fee. Factoring is a loan which will give you working capital based on your invoices which are awaiting payment. Factoring is a widely used financial product that transacts over $70 billion of volume each year in the United States. I've seen companies use Factoring for orders that are yet to be fulfilled. There are often times a company will not bid on a project because of capital requirements, but this option gives the company the opportunity to engage in large projects and expand their business with no additional capital commitments. Let me know if you need additional info. Thanks, Keith Gilabert
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