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Factoring is a form of financing, otherwise known as â€śaccounts receivable financing,â€ť that provides businesses with immediate cash for their invoices, without them having to take out a loan. The third party (factor) buys the companyâ€™s invoices and then collects on those invoices on the companyâ€™s behalf, for a percentage of the invoice. Visit www.interstatecapital.com . . . for more details.
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