March 2nd, 2009
The History of the Age Old Practice of Factoring
Factoring has been around for more than 4000 years, since the beginning of trade and commerce. Accounts receivable factoring is also one of the most misunderstood financial tools available to small businesses today. In the U.S. factoring is becomming a popular method of financing, helping to improve the cash flow for businesses, especially in today’s economy.
Accounts receivable factoring is one of the most misunderstood financial tools available to small businesses today. In the United States, factoring dates back to colonial times. Historically factoring has been around for more than 4000 years, or basically since the beginning of trade and commerce.