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This is a popular method of financing working capital requirements for growing businesses. Paperwork on these loans are more streamlined when compared to historical requirements. What this type of financing does is it allows a business to take a 'not so liquid asset' and convert it to cash immediately when the merchandise is sold. What it is not intended to do is supplement capital for a grossly undercapitalized firm in a rapid growth period. The purpose of this type of financing is to provide short-term working funds or permanent capital for growing firms. Sometimes it is used to avoid a ...