HomeBy Peter AranskyContract packagingFactoring: Jet fuel for attracting packagersThis financing tactic may be new to co-packers, but it works in other industries. It speeds up cash flow—and growth—key selling points with purchasing managers.Key termsFactoring: Factoring: A form of short-term financing that provides funding to companies relative to the quality and quantity of their sales, or accounts receivable. The funding comes in the form of either a purchase or a loan against the company’s eligible receivables.Factor: A company that provides factoring services.
