I am always keeping my eyes open for information or articles that describe the way that invoice factoring or receivables factoring is used in various industries. I came across an article by a gentleman named Gregg Elberg in which he describes the various factoring programs that are utilized by import companies to keep cash flow moving and a company solvent.
Gregg describes three factoring processes:
1. Purchase order financing
2. Receivables financing
3. Inventory financing
Of course, all these are forms of factoring in that they anticipate revenue and leverage that future income.
There is a lot of information out there and I’m trying to keep up with it all.
