The Evolution of Factoring

Topics:
Commercial Banking
Tags:
ABF Journal,
Factoring,
Finance,
Operational Accounting
Source:
ABF Journal

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Overview: From its humble beginnings as the mainstay of rag trade and lender of last resort, factoring has reinvented itself to remain an important financing alternative for manufacturers and service providers alike. In this article, Howard Brod Brownstein speaks with several industry professionals and traces the evolution of factoring. The old-fashioned image of factoring is one of inflexibility, tunnel vision, and usurious costs: the lender of last resort, mainstay of the rag trade, and patient victim of countless frauds. In the current world of high technology, seamless global markets, and the Internet, the article explains how factoring has remained such an important financing alternative.

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Format: PDF | Size: 150KB | Date: Apr 2003 | Pages: 3

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