Some Distributors Find Factoring a Valuable Tool As Uncertainty… and sluggish payment habits cause strain on cash flows.
This has been made more difficult by customers with sluggish transaction habits and an economy that continues to have much uncertainty and hesitancies brought on by an undetermined election year….
It is also important to remember that factoring is not a loan. The capital paid by the factoring agent is yours to have. It is a payment for goods or services that you have already sold. Essentially, it is just a clever way to skip the administrative frustrations of being a supplier.
Factoring Gains Traction In Challenging Times Global factoring volume reaches all-time high – U.S. leads at 17%. The global factoring market has reached a volume of EUR 2,348 billion (USD…