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Organize Pages Factoring Agreement

Organize Pages Factoring Agreement

Aug 6th, 2022

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How to Organize Pages Factoring Agreement

4.9 out of 5

8 votes

Patty Hirsch, a senior editor at Marketplace, discusses factoring, a financing method used by small businesses that has gained attention due to concerns about CIT, a major lender and factor. Small businesses worry that CIT's potential failure could impact their access to necessary financing. The explanation starts with a scenario of a small business owner, Sam, a shoemaker who produces 20 trendy pairs of shoes monthly for his sole client, Nordstrom. At the end of each month, Sam packages and ships the 20 pairs to Nordstrom, illustrating the typical relationship between a small business and its client in the context of factoring.

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