What is a factoring company?

A factoring company serves as a financial facilitator for businesses by bridging the gap in cash flow. As factoring has grown more popular, the need for more factoring companies to manage all aspects of the debt collection process has become more apparent. Keep in mind that factoring companies are not banks and therefore do not loan money. Instead, factoring companies offer a reliable solution for guaranteed cash flow that comes with no strings attached and absolutely no accrued interest over time.

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