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FactorLane Launches Factoring Marketplace Site

Monday, November 19, 2007 5:45:00 AM PDT | VentureDeal Staff

CHATTANOOGA, TN -- Innovative Processing Solutions, LLC has announced the launch of an online factoring marketplace.

Called FactorLane, the site aims to introduce businesses to factoring companies who provide cash on their invoices immediately and who then have the rights to collect on those invoices. 

Factoring can be especially helpful for smaller businesses who want to do business with large companies, but cannot have their capital tied up for long periods of time.

The site will help businesses find a wider array of factors and shop for the best rate and service.  Factors will get access to a greater number of potential customers.

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