FACTORING AGREEMENT - FINANCING METHOD FOR THE COMPANIES IN LACK OF CASH-FLOW.

The benefits of factoring apply to all the parties involved in the transaction. There are always three different parties to each factoring transaction. The first is the customer or buyer. The second is the supplier or seller. The third is the factor. All three parties have benefits when a successful factoring transaction takes place. The recent economic times have put a crimp in small business profits, so small business people nationwide are looking for ways to cut business costs, and many are suffering from the fact that their customers are not paying on time, if at all [ABSTRACT FROM AUTHOR]