The development of factoring in banking follows both economic tides and an understanding of the role it plays within the asset finance market.
Invoice finance is the use of a financial services provider to supply a business capital that is owed to them from an outstanding invoice. It can still be the responsibility of the company to get this invoice paid at some point down the line. Factoring however, puts this responsibility onto the lender, who will then track down the outstanding invoice." data-share-imageurl="">