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What is Factoring?

Factoring is the purchase of accounts receivable at a discount. Factors provide a complete financial service offering that includes accounts receivables financing, credit risk protection, invoice management and processing, and outsourced collection.

Factoring turns your receivables into immediate cash.

Businesses around the world, from large corporations to sole proprietorships, use factoring to finance the growth of their business. According to the World Bank, worldwide annual factoring volume exceeded $1 trillion dollars in 2003.

 
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