Receivable financing refers to a financial arrangement where a company sells its unpaid customer invoices to a third-party lender. In simple terms, it's a way for businesses to get quick cash by borrowing against the money they are owed by their customers.
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«receivable»
«financing»
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Sentences with «receivable financing»
- Inventory financing, along with accounts receivable financing, are two important sources of money that businesses involved in importing products use extensively. (thebalancesmb.com)
- Accounts receivable financing ensures you get cash quickly as you can often receive cash within 5 - to - 10 days, and sometimes even faster, within 1 to 2 days. (profitableventure.com)
- A merchant cash advance is another type of receivables financing wherein a lump sum of money is given to a company against its future credit card sales. (debt.org)
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