Factoring is probably one of the oldest forms of financing – dating back to ancient Rome.
In the early 1900’s the first independent factoring companies were formed. In the beginning it was used for smaller companies and was a fairly expensive method of financing.
By the 1960’s many Fortune 500 companies were using factoring as a method to stabilize cash flow.
Today’s factoring companies are large and have significant dollars available. Additionally, their fees have been reduced significantly making factoring a viable option for companies that might have considered it too expensive in the past.
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