Discussion in 'Business & Tax Advice' started by mattbowden, Jul 26, 2011.
how sucessful was it and what sort of level of income do you need to generatein order to be accepted
never heard of it
merchant credit processors?
Are you taking about factoring A/R ?
factoring is the process of buying a companies Account Receivables at a substantial discount for cash
Ex ... you pay company 50 cents on a $1000 invoice ... the company get $500 cash now and have to wait for the $1000 at a later day.
Advertise: We Buy Your Accounts Receivables
You have to be aggressive and a good negotiator
You must have cash or a financial backer
Suggestion is you work for a factoring company and then strike out on your own
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