Facts about Factoring

Factoring has been used for centuries. It is one of the oldest forms of financing and until recently, was primarily used in the garment and textile industries. Today, factoring is a $150 billion/year financial product and is widely used by all types of businesses that extend credit to credit worthy commercial customers.

Raising funds for your business through factoring is relatively easy to do when working with a professional factoring company but that does not mean that the process of factoring is easy to understand. Check out some of the answers to factoring questions our new clients have asked us over the years.

At Bridgeport Capital Services, we work with well managed companies that are paying attention to their own business and do our best to make the process easy. We hope these pieces of background information will help simplify the process and assist you on your way toward understanding factoring.