![]() ![]() Traditional factors won't touch invoices less than $500,000, but a growing number of smaller factors are opening this service to smaller businesses. Thus, working capital is immediately available to meet payroll and other obligations, buy more materials and take advantage of volume discounts and remove debt from the balance sheet. Factoring is becoming available to all of us.įactoring allows a business to receive immediate cash for goods or services sold, instead of waiting 30, 60, 90 or more days for payment. only in the textile industry and to manufacturing giants. It has been generally available in the U.S. It is perhaps one of business's best-kept secrets. ![]() This article explains all of the uses that the cash could have in your hands, considerations to keep in mind when seeking a purchaser of receivables, the financial mechanics behind factoring, as well as a question-and-answer session on the topic.Factoring is a cash management technique which has existed for decades. This means that your longer-term receivables can be made available to you in a much shorter time period. Washington State Department of Commerceĭigital Library > Acquiring and Managing Finances > Alternative-funding sources"Factoring: Funding Secret of the Giants"įactoring is the sale of accounts receivables to financing sources.Michigan Economic Development Corporation. ![]()
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