Still, for a "huge strategic deal," the company might consider extending terms and factoring the receivables, assuming the customer was a good credit risk and the factoring fee would be small, says Vincent Donargo, Brightpoint chief accounting officer and controller.
With offices in eight North American cities and 13 countries around the world, its product portfolio includes accounts receivables finance, factoring, export finance, purchase order finance, specialist solutions for the staffing and trucking sectors ...
Financing products, meanwhile, include commercial and retail loans, installment paper purchase and factoring receivables. Loans made by clients are used to finance their purchase of vehicles, office equipment, machinery, real property and financial assets ...
But unfounded myths continue to circulate that cast business factoring in an unfavorable light to the detriment of business owners and entrepreneurs who let this fiction get in the way of taking advantage of the many benefits receivables factoring provides.
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