Explain how factoring works. Of what benefit is factoring to a firm that sells its receivables?

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter13: Other Financing Alternatives
Section13.9: Factoring, Receivables Lending, And Customer Funding
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Explain how factoring works. Of what benefit is
factoring to a firm that sells its receivables?
Transcribed Image Text:Explain how factoring works. Of what benefit is factoring to a firm that sells its receivables?
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