factoring

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factoring

a form of asset financing based on the sale of book debts. Essentially, factoring involves the purchases from suppliers of accounts payable to them by customers to whom they have provided goods or services; such accounts are referred to as ‘receivables’.
References in periodicals archive ?
Accounts receivable financing may be available to small companies; however, there are some concerns in utilizing this practice.
About LSQ Funding Founded in 1996, Maitland, Florida-based LSQ Funding Group is one of the country's largest and oldest independently run accounts receivable financing companies.
LSQ provides accounts receivable financing, including factoring and asset based lending, to businesses seeking to access capital and fuel growth.
As lending volume continues to be challenged by some traditional lenders we are seeing more and more businesses turning to accounts receivable financing to increase working capital and cash management facilities," continued Richard Laxer.
With the accounts receivable financing, Puente, LLC is able to finance its weekly invoices, which in turn gives the company the working capital so it can build its brand name and start to establish a credit history.
After the acquisition, Capital TempFunds will become part of Wells Fargo Business Credit's Staffing Services Group, which provides accounts receivable financing to staffing companies nationwide.

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