Global Growth in Factoring?and its Potential in Eastern Europe Financing Small and Medium-Size Enterprises With Factoring
- Topics:
- Commercial Banking
- Tags:
- Factoring,
- Finance,
- Operational Accounting
- Source:
- World Bank Group
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Overview: This paper explores the advantages of factoring over other types of lending for firms in developing economies, and discusses the informational, legal, tax and regulatory barriers to its growth. Factoring is a form of asset-based finance where the credit extended is based on the value of the borrower's accounts receivable. It examines factoring's role in the international financial landscape, including how it compares with other lending products for SMEs and analyzes issues that drive the importance of these products thereby concluding that factoring offers key advantages over other lending products and suggests policies to accelerate its development.
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Format: PDF | Size: 704KB | Date: May 2004 | Pages: 50



