Is receivable financing a widely accepted financial practice?
Receivables financing dates back to the Ancient Greek and Roman Empires when merchants sometimes financed themselves through the sale of receivables. Until recent years, receivables financing was only available to companies maintaining annual receivables base of $20 million or more. Now, due to advances in technology, financing sources such as Freight Capital, can serve the small to mid-sized business community without incurring severe administrative expenses. According to published reports, in excess of $90 Billion in accounts receivables are financed annually in the USA alone.
