My Brother’s Factoring Business Is Doing Really Well
March 9th, 2010
There are a lot of interesting ways out there to make money, but my brother has found a niche that seems to work well for him, with just enough risk to make it interesting. He has started a company that operates as a factoring business. The purpose of his operation is to offer other businesses a chance to get some ready cash at rates cheaper than any bank would give them. He does this by purchasing their accounts receivable, or at least a portion of them. By calculating the risk factor, he can offer an amount that will help benefit both him and the business owner. It’s a win-win situation.
Entry Filed under: Business