Factoring History
Factoring History
Discover factoring, a vital financial strategy for success in American business. Essential for business owners and aspiring entrepreneurs, factoring is a key to managing financial challenges effectively.
Although rarely covered in business courses, factoring is crucial in unlocking billions of dollars for business operations, playing a significant role in their success and growth.
What is factoring? It is the purchase of accounts receivable at a discount, a vital practice for businesses that offer credit terms. Its origins date back to ancient Mesopotamia, making it a long-standing financial practice.
Factoring has been a preferred financial strategy throughout history, offering a more practical solution than traditional banking. From the Romans to American colonists, it has been integral to business finance.
In the current business landscape, factoring remains an indispensable tool. It adapts to various industries, especially useful when traditional banking is restrictive, enabling businesses to liquidate billions in receivables for their growth and stability.
WE PROVIDE HUNDREDS OF MILLIONS IN CASH EACH YEAR
We relieve your headaches and stress of collecting on accounts receivables.
Most Convenient
You have 24/7 account access 365 days a year.
Always Reachable
When you call, you get to speak to a real live person.
Factoring is great for any business that offers services or delivered goods.
Fast money for businesses that need it
Don't wait long periods for a loan. Many of our factoring deals can take place in as little as 24 to 48 hours. If you need capital right now or are looking to expand then factoring is the way to go. We work on your time instead of you working on a bank's schedule.
MAXIMIZE YOUR TIME BY
MINIMIZING THE COLLECTION PROCESS
If you need cash and you're sitting on a lot of unpaid invoices then factoring with us is the way to go. We'll give you the cash that your business needs and collect from your customers.
NO DEBT - JUST CASH
Debt is risky while at the same time being beneficial to growing a business. Start-ups can relieve themselves of the risk of debt and still create capital with factoring.
CAN'T GET A LOAN
If you're a start-up or your business has a poor history or credit then you can still get the cash that you need. Today's banking atmosphere makes it a challenge for even the most-qualified businesses to get a loan. Factoring takes care of all of that.
HELP SMALLER BUSINESSES WITHOUT THE STAFF
Without a collections department or a small staff, collections often come down to you doing all of the leg work. Our Factoring Service will alleviate that burden and provide the service that you're not equipped to handle.