History Of Invoice Factoring And Its Growth In The 21st Century
Invoice factoring is a popular alternative to traditional financing and it is a billion dollar industry with a large number of niche industries using it to get access to much needed cash flow, quickly and conveniently. With banks increasingly making it difficult (and in some cases freezing loans to small or new business) organizations and proprietors are partnering with professional factoring firms to solve their issues with liquidity. The concept of invoice factoring has remained the same throughout history and it has continued to play an important role in business finance. In the post economic recession banks are unwilling to lend to small businesses, which has made factoring a very popular option.
Source: CBAC Funding