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It's assignment or the sale of account invoice or receivable for cash.
This provides companies from startups size, and businesses access to capital that is immediate and gives cash flow for growth or expansion without decreasing equity or incurring debt.
Account receivable financing is not a loan, so there is no requirement make debt or to make obligations.
Account receivable factoring's benefit is that it is easier to get from a bank than a business loan.
Factoring companies will not expect a small business's financial statements or some other repayment guarantees and approve a company based on the credit worthiness.
Get more:- Accounting Services in Tampa FL
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