Why You Should Use Account Receivable Factoring To Grow Your Business?

Accounts Receivable Factoring is a financial transaction in which the seller ‘sells’ its accounts receivables (invoices) to a financial entity that deals in buying receivables at a discount (called a factor). The lender ‘buys’ the accounts receivables and immediately releases funds (minus its factor). This way, the seller is able to convert invoices quickly into working capital.

Many businesses make the mistake of treating Account Receivable Factoring as an expense instead of as an investment. To avoid this kind of mistakes contact Mynd Fintech for Account Receivable Factoring.