Is factoring a widely accepted financial practice?
Factoring is so widely recognized that nearly every retailer in the United States includes a blank on their purchase orders indicating whether the invoice is to be factored. Until recently, factoring was only available to companies with receivables totaling $20 million or more. Now, due to advances in technology, Winston Financial, a leader in the industry, can serve the small business community without incurring high administrative expenses. Coupled with the increasingly stringent credit parameters of institutional lenders, factoring has become a preferred financial tool for the small and medium-sized business.
