Friday, February 11, 2011

Factoring Services in India

Have you ever wondered about the history of factoring? You may be surprised just how far back in history factoring goes. In this article we will review the history of factoring as well as the pros and cons of factoring.

Almost since the dawn of civilization, there has been factoring. Factoring is a way of advancing funds for expected payment. In the earliest times of civilization, 4,000 years ago, the Mesopotamians used factoring in their business dealings. However, factoring was not terribly regular. The ancient Romans used a form of factoring by selling promissory notes on a secondary market at a discount.

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