Invoice Factoring Companies: A Valuable Funding Resource

Topics:
Bankruptcy,
Commercial Lending,
Working Capital
Tags:
Article Dashboard,
Bank,
Factoring,
Finance,
Operational Accounting
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Overview: Invoice factoring companies can provide immediate, short-term funds for companies that are unable to obtain a traditional bank loan. Financing from traditional banks generally requires commercial borrowers to have two years in business and showing a profit. Banks tend to favor loans secured by tangible assets like machinery, inventory, equipment and real estate. Working with factoring companies, in contrast, are less restrictive.

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