Q: Is factoring a loan?
A: No.Factoring not a loan. factoring is the sale of the value that you have in your accounts receivable.
Q: Does factoring create debt?
A: No. Factoring generally structured as a sale not a loan thus creates no debt
Q: Is factoring a new thing?
A: No. factoring in the US dates back to colonial times and has been documented as far back as the Roman Empire.
Q: Is factoring expensive?
A: No. If factoring is not profitable or at very least "free" by nature of the cost benefit being totally offset by the gains, you probably shouldn't be using factoring.
Q: Who has used factoring?
A: That's a big question. Well many industries and business types have used factoring for many years. Doctors, hospitals and other medical facilities use factoring, Transpiration, telecommunication staffing & manufacturing use factoring. Construction companies, contractors & people in the oil patch use factoring. If you do business with another business you may be able to use factoring as well.