I am glad to see that students at Hunter College and Brooklyn College are encouraged to write and publish on the web, after their articles have been edited by the faculty.

 

Receivable factoring or credit card factoring is another unique working capital management strategy, whereby the businesses sell their future receivables at a discount. However, it is not possible for all small businesses to document their receivables in order to qualify for this financing option. The documented sales volume and credit card sales activity of these small businesses serve as financial asset to attain a business cash advance or a merchant cash advance. (NyCityWatch.org)

 

I want to tell the students at the faculty that documenting receivables is usually not much of a problem for the small businesses who use the Facteon factoring services.  If you have an invoice that’s due you, you just send Facteon the invoice and provide some information including a contact at the customer that owes the invoice, and the factoring company takes it from there.