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A Factor/Invoice Discounter is a financier who provides working capital financing to companies by purchasing their accounts receivable. This service enables the client to continue to provide the high quality of product and/or service that customers have come to expect. And the customers can continue to enjoy the trade terms, 30 days or more, that factoring enables and supports. | |
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Receivables funding is so pervasive in industry that large companies have designated payables personnel to handle factored accounts and have simplified the process by assigning vendor numbers to the factor. | |
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You can be sure that Costco, Sam's Club, Home Depot and Wal-Mart will not stop doing business with you because you are factoring. | | | |
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