Factoring Services
In factoring services, we enter into factoring agreements with our customers.Under typical factoring agreements, the creditors assign their accounts receivable to us and we provide services including financing, account management and accounts receivable collection to our customers. We also provide factoring services to debtors who are buyers in need of financing for goods or services when we determine that they have strong ability to repay.
Factoring service is primarily used by our customers who need working capital to fund their business operations.