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Describe the Process of Factoring? When and Why Is It

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Describe the process of factoring? When and why is it used?


Definitions:

Small Businesses

Companies with a small number of employees and relatively low volume of sales, often privately owned.

Business Idea

A concept that can be used for commercial purposes, typically identifying a product, service, or opportunity that can generate profit.

Full Funding

Ensuring that all necessary or projected funds are available for a program or project.

Leverage

The use of borrowed capital or debt to increase the potential return of an investment.

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