Discover the meaning of factoring and its various types. Sriya Enterprise offers expert advice on trade finance solutions. Factoring is a financial service where businesses sell their receivables to a third party (factor) for immediate cash. It helps improve cash flow, reduce credit risk, and enhance operational efficiency. Types of factoring include recourse and non-recourse factoring, where the former retains credit risk and the latter transfers it to the factor. Other types like invoice discounting and maturity factoring offer additional flexibility. Sriya Enterprise helps MSMEs choose the best factoring solution for their needs, ensuring effective trade finance management and business growth.
In the ever-evolving global market, navigating the complexities of trade finance can be a daunting task for businesses. Engaging a trade finance advisor can be a game-changer, offering expert guidance and strategic insights to help your business thrive. One such…
