Isn Factoring just for failing companies?
No. Factoring in the past had gained a reputation as a financial “last resort” for faltering businesses. While factoring can help problem businesses, it is primarily a source of financing for new or rapidly growing businesses. Factoring allows businesses to improve their cash flow and quicken their growth by shortening their receivable cycle. By selling their invoices, businesses can eliminate the 30, 60, up to 90 (or more) days wait for their customers to pay on their accounts.
