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Account receivable factoring is used by many businesses in need of working capital. By simply selling account receivables or invoices for products or services provided to a "Factor" a business can obtain almost immediate access to capital. This benefits many younger businesses and growth businesses that run into cash flow problems at times. A business would sell the invoices for a discount to the factor, which then pays you for them giving you cash instead of having to wait for the invoice to be paid. It also reduces the risk of clients not paying invoices on time.
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