A factor agency is a business that buys your accounts receivable for a small fee and then collects it for you. A factor is similar to a bank in that they will advance you a portion of what is owed to you. This is often beneficial if you have a slow-paying client or if you have a lot of clients that you need to pay employees, vendors or suppliers. But, factor agencies are not like banks and can be a little harder to work with. This Factoring Fast will look at the pros and cons of Load factor and factor agencies. For more information visit- https://www.factoringfast.com/
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