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next tunity the grow by Joe where I help business owners understand capital and make it easy to access capital in this video Im going to talk about account receivable financing AKA [Music] factoring so I find that most business owners because they dont understand financing um they wind up using uh the wrong product for their opportunity or their challenge where they could have used something else that would have been much better the way an account receivable lender works is you have account receivables your AR your business is growing and that AR is building and typically youre just not getting paid fast enough so lets just say youre a transportation company you go and you move hall for Walmart you deliver product from0 A to point B to Walmart and then you get there and you invoice Walmart well just use Simple numbers lets say say its $100,000 now youve paid for gas youve paid for your driver you paid for your truck all those things that happen to move that product from point
