What is Factoring and How Should Businesses Use It for Cash Flow?

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Many businesses worry about whether their customers pay them or whether their customers pay them on time so that they can manage their cash flow liabilities. You might have heard of "factors" who provide specialized assistance to businesses in securing accounts receivables. However, factoring is not for every business and businesses should exercise caution and prudence in utilizing services of such companies.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Doron Eghbali, Law Advocate Group, LLP | Attorney Advertising

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