Tag Archives: Letter Of Credit
For sourcing funds for overseas trade, factoring is a great option. Factoring means purchasing the company’s receivables by the purchasing company as early as possible, in order to create a continuous form of cash flow. The key benefit of factoring company is that the buyer is responsible for company’s credits, without any kind of interference in the company’s management. In other financing options, there is involvement of loan factor. In case of factoring there is a direct purchase of the receivables so as to give funds to company.