Refinancing Your Home Loan When Should You Refinance Your Home
Is Now A Good Time To Refinance Your Home Loan
His And Her Finances
How to finance a new extension
Why Talk about Your Finances to Strangers
How To Finance Your Trucking Company
Quick Books and Finances
Finance A New Or Used Car
Bad Credit With Poor Credit You Can Still Refinance Or Get A Home Equity Line Of Credit
Finance Your Car With Poor Credit
Do You Need a Mortgage Refinance Loan
Can Medical Factoring Help Boost You Healthcare Business Finances
New York Refinance Refinancing in New York
Home Loan Refinance Back To The Basics
Become a Certified Success in the World of Business and Finance
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Business Finance Expert Series: "The History of Factoring"
In conventional times factoring (
http://www.hjventures.com/factoring/factoring-glossary.html ) is
one of the most sought- after method to improve the cash flow (
http://www.hjventures.com/factoring/cash-flow.html ) of a
company. When a firm decides to its account receivables to a
financial institution then it is termed as factoring. The factor
then bears the credit risk for the accounts and finally receives
the sum from the customers. It is among one of the most
effective and efficient form of financing used these days.
Factoring has been in existence since the beginning of trade and
commerce. It can be traced back to the period of a Mesopotamian
king Hammurabi. However, an extensive use of the concept began
in American colonies before the revolution started. During those
times raw materials like timber, fur and cotton were shipped
from the colonies and before they reached the destination
merchant bankers in London and other parts of Europe used to
advance funds for the raw material. The practice was very
beneficial to the colonists, as they didn't have to wait for the
money to begin their harvesting again. Basic work of factors of
colonial times is similar to factors of conventional times. They
have the same job of making advances against the account
receivables (
http://www.hjventures.com/factoring/accounts-receivable-financing
.html ) in order to help them in continuing with their job even
before they are paid for their sale. With the Industrial
Revolution the concept of factoring got narrowed down to credit.
In the 60's and 70's with an escalation of interest rates there
was a surge in private factors. The trend strengthened in 80's
with further increase in interest rates and changes in the
banking industry. With various expenses and inflexible rules
involved with banking, factoring is a safe and easy method for
financial expansion and growth. Working capital arranged through
factoring is an easy means to cover purchasing, operating and
other pay roll costs and provides the much-needed freedom from
varied book keeping functions like credits and collections. All
these attributes have made 'factoring' a buzzword in the
financing market. Learn more about
http://www.hjventures.com/factoring/factoring-glossary.html
About the author:
Howard Schwartz is a partner in several business strategy
groups, including HJ Ventures International, Inc. Howard has
worked with hundreds of entrepreneurs worldwide with a focus on
writing Business Plans for companies interested in raising
capital from Venture Funds and Angel Investors. Howard's
business plans have secured several million dollars in funding.
For more information:
http://www.hjventures.com/factoring/factoring-glossary.html
Howard Schwartz
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