Accounts Receivable Factoring Covers Small Business Insurance

Building Credit through Factoring

Why does one need credit? You never know when the need for a loan will arise, and it is a lot easier to get a loan with a good, sold credit history. There is also a way to obtain cash without providing personal collateral or increasing interest expense. Factoring – the conversion of accounts receivable into cash and it’s done by selling outstanding invoices to a factoring company.

By:
Kristin Gabriell
Financel
Oct 19, 2010

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