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Re: Factoring Invoices to make Payroll

Since factoring isn't a loan or an extension of credit, it is more viable now then ever. Business is very good right now. The problem is, I'm finding many businesses have a line of credit with a bank that is maxed out. Usually no big deal if the bank will subordinate it's collateral position on receivables (invoices) so we can purchase them. Unfortunately, some banks are less than cooperative at the moment to do that. Remember, a factoring company isn't a lending institution.
This is CABL.com posting #228612. Tiny Link: cabl.co/m7Ds
Posted in reply to: Factoring Invoices to make Payroll by starbux
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