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 ?
Sheng Ye Capital Limited is a specialised enterprise financial services provider offering accounts receivable financing and other related solutions mainly in the energy, construction and medical sectors in the PRC.
With accounts receivable financing, companies borrow against the value of their receivables, rather than selling their receivables to the factor.
With its advanced "Sheng Yi Tong" online factoring platform and through a professional risk management mechanism, the Group can effectively offer customers with integrated factoring services including accounts receivable financing, accounts receivable management services and credit evaluation, in order to help them to secure funding at different stages of their trade.
Respondent banks cited expectations of higher working capital and accounts receivable financing needs of borrower firms as the key factors behind the expected increase in demand for business loans.
Today Chesapeake Bank operates retail branches, including an online branch, merchant processing services, and ISO sponsorship through its Chesapeake Payment Systems division, accounts receivable financing through its Cash Flow division, and trust and wealth management services through Chesapeake Investment Group.
The Commercial Finance Association's latest report, through the third quarter of 2008, indicates that accounts receivable financing continues to bolster small businesses.
Her background includes experience in a variety of lending programs, including residential and commercial mortgages, equipment leasing, accounts receivable financing, warehousing and foreign trade financing.
With accounts receivable financing, rather than selling their receivables outright, companies borrow against the value of their receivables, using their receivables as collateral for the loan.
Thermo Credit LLC is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications industry.
Thermo Credit is a privately held funding firm that renders asset based loans, accounts receivable financing and factoring services.
ABF provides accounts receivable financing facilities, specialising in offering cash flow to small to mid-size businesses.
Surprisingly, most of us are not aware of options like accounts receivable financing, cash advances, private-money and hard-money lenders, asset-based lending, equipment sale-leasebacks, and unsecured loans.

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