What types of businesses use a Factoring company?
Companies from a broad range of industries include, but are not limited to: distributors, telecommunications companies, temporary staffing agencies, transportation/freight companies, service providers, manufacturers, wholesalers, consulting companies, and security guard services. In addition, when you Factor your accounts receivable, your company incurs no debt, as there is no interest to pay or principal to repay. Factoring can also help companies that banks traditionally shy away from, such as start-ups, companies with tax liens, or even companies in bankruptcy.
