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criteria for traditional bank financing, yet have significant
short-term assets that can be sold or pledged as
collateral. MCC's targeted customer
base will consist of businesses with total annual revenue under
$5,000,000. The forecasted credit facilities for the target
market would be from $10,000 to $2,000,000. |
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According
to the Commercial Finance Association, total
factoring volume grew to almost $80 billion in
2007. |
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