White Glove Capital's primary function is to serve as a funding source for companies that need working capital. What is factoring? Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (in this case White Glove Capital) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs. Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset-based lending against accounts receivable. Factoring, simply is the sale of receivables.
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