Is accounts receivable funding a new financing option?
No. Accounts receivable funding is one of the oldest forms of financing. It has been around in one form or another for more than 4,000 years. Until the mid 1980s, most people thought accounts receivable funding was only used in the textile and garment industries. Today, accounts receivable funding is a widely used and viable financing solution for all types of businesses that extend credit terms to their customers.
Accounts receivable funding is one of the oldest forms of financing. It has been around in one form or another for more than 4,000 years. Until the mid 1980s, most people thought accounts receivable funding was only used in the textile and garment industries. Today, accounts receivable funding is a widely used and viable financing solution for all types of businesses that extend credit terms to their customers.
Accounts receivable funding is one of the oldest forms of financing. It has been around in one form or another for centuries. However, until the mid 1980s most people thought accounts receivable funding was only used in the textile and garment industries. Today, accounts receivable funding is a widely used and viable financing solution for all types of businesses that extend credit terms to their customers. back to the top…
No. It is actually one of the oldest forms of financing. Historians tell us that factoring dates back to ancient Roman civilization. It got its start in America when Factors helped finance the pilgrims’ voyage to the New World. With the dawn of the Industrial Revolution, factoring became a more widely used source of funding. Up until the 1960s, it was reserved primarily for specific industries and Fortune 500 companies. But today, accounts receivable funding is available to nearly every type of business generating invoices for goods and services, including yours!
