Factoring Accounts Receivables
Posted by admin
A few years back, after we started to really grow our business, we started to make it a policy to sell all aged accounts receivable balances to factoring companies simply because we could not handle them ourselves without creating an entire new position just for that. Recently though our factoring company has begun to charge more, because a number of our regular customers are evidently having greater difficulty in paying in a timely manner. So I am interested in getting some quotes from some other factoring companies to see if we can find anyone willing to do it for less. If not we may have to scale back as our profits are already practically bare bones due to the rising cost of supplies.
