Factoring probably isn’t the first financing tool that you think of when figuring out how to finance your business. In fact, it is probably a tool that many people haven’t even heard of in North America, although it is commonly used in Europe. Factoring is one of the oldest forms of financing, originating in the middle ages, factoring was how financiers financed the voyages of the merchant adventurers enabling them to purchase trade goods to trade for goods in foreign locales