GREY:TSTIF - Post by User
Comment by
TNTHOMon Dec 25, 2016 12:45pm
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Post# 25643210
RE:RE:Look up "reverse factoring"...
RE:RE:Look up "reverse factoring"...All fine and true Kevin, however from first reading this PR I understood the impact that this "reverse factoring" had on the overall deal and my TLC as you call it was meant for more people then the nutbars, as you call them. As I noticed no one, including yourself, ever mentioned the true type of factoring involved here. Dig a little into reverse factoring and you will find that England in 2012 legislated a deal between most of the major corps. In England to offer this same type of "cheap" financing to all of their small suppliers.....low cost, effective way to help small business. Adversely on this continent a small supplier to the oil industry is garanteed to wait at least 90 days for any money putting great strain on these upstarts.....The good old American way....also done in Canada.