Day: May 10, 2024

  • Factoring Loans: Understanding the 3 Parties Involved

    Factoring Loans: Understanding the 3 Parties Involved

    Factoring has become a popular alternative to traditional business loans. Businesses of all sizes can receive funding without having to jump through the hoops associated with a traditional business loan. A factoring loan allows you to sell unpaid invoices from your business to a third-party. Known as a “factor,” this third party will buy them…