Factoring for Panel Builders ?
Money by Tracy O
Recently, I was asked by a contractor to make a quotation for a big project of a big telecom company. We didn’t have the right financial capabilities to afford this project.
I was looking for a new way of financing this kind of businesses and I’ve found a blog talking about factoring with an interesting article about two real examples of factoring usage, and this helped us to discover this interesting way of financing.
I also found out some banks who are already offering factoring services all over the world: BNP Paribas, Santander, ING, UBS, HSBC . . .
It would be great if you have any experience of using factoring for panel building activity to comment.
Thanks.
