
- 3 min
Factoring: The Forgotten Form of Financing
In today’s post Covid lockdown environment, many small and medium sized businesses are having trouble getting conventional financing because of the current financial strength of their businesses and the impact the lack of sales has had on their credit ratings. How would you like a form of financing that did not depend on your credit rating but rather your customers credit rating? In a nutshell that is factoring. In North America, factoring has an undeserved negative image and