Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.
If you’d like further information to help improve your cash flow with factoring, please feel free to reach out as shown below.
At Labrecque Business Consulting, we have a passion for business and a desire to help!
Business Finance Consultant
Labrecque Business Consulting
P.O. Box 20067
Qualicum Beach, B.C.