Factoring is a financial tool where you, the entrepreneur would sell your invoice to a factoring firm, like MCB at a discounted rate, which helps to boost your cash flow.
By using the factoring financing method, Yashveer from Freelance Distributors was able to buy his products in cash from suppliers and provide an advance to his customers, e.g. supermarkets and hypermarkets. Ultimately, Yashveer can focus on his core business while the factoring firm does the follow through.
