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. … [Read more...]