What does a factoring company do?

1. Factoring companies are financial institutions that provide factoring services. The business scope of factoring company includes factoring business, which is a comprehensive financial service integrating trade financing, business credit investigation, accounts receivable management and credit risk taking.

2. Factoring companies are firms specializing in factoring business, most of which are funded or established by commercial banks and have independent legal personality. Provide credit analysis and credit evaluation of importers. Accounts receivable collection service. Accounts receivable confirmed by financing. Accounting of accounts receivable.