Philippine E-Journals

Export Factoring as a tool in Aiding Small and Medium Scale Exporters

John Jerrick Juinio

Discipline: Business and Economics

 

Abstract:

Collection of sales receivables has never been easy, especially when it comes to the point that one is low of cash for operational needs. The so-called big boys of the industry may not have similar problems since they have other sources to satisfy their needs, like a relatively extensive credit line. This brings to mind small businesses or the so-called cottage industries which cannot impose their terms with much will. The day they demand their terms may probably be their last time in business.