Factoring For SpringfieldFactoring Companies Springfield

improving cash flow in Springfield

Factoring FAQ

Q: Is factoring a loan?
A: No. Factoring not a loan. factoring is the sale of the value that you have in your accounts receivable. Talk to your accountant about how to handle factoring expense as well as how to record transactions.

Q: Does factoring create debt?
A: No. Factoring is generally structured as a sale not a loan thus creates no debt.

Q: Is factoring a new thing?
A: No. factoring in the US dates back to colonial times and has been documented as far back as the Roman Empire.

Q: Is factoring expensive?
A: No. If factoring is not profitable or at very least "free" by nature of the cost benefit being totally offset by the gains, you probably shouldn't be using factoring.

Q: Who has used factoring?
A: That's a big question. Well many industries and business types have used factoring  for many years. Doctors, hospitals and other medical facilities use factoring, Transpiration, telecommunication staffing & manufacturing use factoring. Construction companies, contractors & people in the oil patch use factoring. If you do business with another business you may be able to use factoring as well.