You have questions about invoice factoring and how it can boost the cash flow management of your light manufacturing business.

MP Star Financial has the answers that you need about:

• the history of receivables factoring
• how it helps boost cash flow management
• how this form of business funding helps you to grow your light manufacturing company

For hundreds of years, people have successfully used receivables factoring to accomplish business goals.

Famous people who have used accounts receivable factoring include:

• King Hammurabi, who was probably the earliest factor (factoring lender)
• Christopher Columbus, who used a form of factoring to buy his now-famous ships: the Pinta, the Nina and the Santa Maria
• The Medici family, who used factoring to finance art and culture after the Middle Ages ended

Here is an overview of how receivables factoring works to help your light manufacturing business.

When you choose accounts receivable factoring, you receive cash based upon outstanding receivables, boosting cash flow management without adding debt. Here’s a more detailed look at the receivables factoring process.

Wondering about accounts receivable factoring terms and their definitions? Go to the MP Star glossary.

The bottom line is this: you need this type of business funding to help grow your business.

With factoring, you can:

• Meet payroll and payroll taxes and other expenses, without worry
• Establish more secure safety stock levels in your inventory
• Expand your business, either geographically or by adding new products – or any other way that you decide

Pay no hidden fees! When you factor with MP Star Financial, you are guaranteed a receivables factoring proposal with no hidden fees.