Jason Severson and Greg Salomon break down the reasons why companies are hesitant to factor their accounts receivables. Many times we find that the perceptions around factoring often come from a place of not fully understanding the bigger picture.
In most industries, factoring is a common practice, but for many companies, it is a new way of financing. Those companies often don’t realize that their customers or clients might have used factoring in the past or might understand its place in business.
Check out the video and hear Jason and Greg discuss the common misconceptions around factoring, and why your clients may even consider it a good thing for your business relationship.
Want to learn more? Contact us and you can talk to the Primary Funding team about accounts receivable factoring for your business.