What is business factoring?

  • Thread starter Thread starter KyleH99
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KyleH99

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I feel like it might be the right choice for my business, but I'm not quite how commercial / business factoring works. I think I understand the jist of it, you need invoices for commercial factoring and these invoices in turn allow you a cash advance. Has anyone used business factoring before? Are there any factors/brokers that anyone can recommend for business factoring? I know there are different rates/advances but I am ready to look around for different factors.

Thanks
 
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