Many Small Businesses Rely On Factoring As A Source Of Short-Term Financing Because:

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Many Small Businesses Rely On Factoring As A Source Of Short-Term Financing Because:

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Factoring is the sale of accounts receivables at a discount for cash. Since factoring involves a sale of an asset, the funds received are not a loan. Small businesses often find it difficult to obtain loans from bankers. These same firms often can obtain the needed funds from factors if their customers are judged to be creditworthy.
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