What entity buys clients' accounts receivable and advances money to the client?

Question

Quizplus · Accepted Answer

A factoring house buys clients' accounts receivable and advances money to the client, allowing the client to receive immediate cash rather than having to wait for their customers to pay their outstanding balances. Factoring houses typically charge a fee for this service and assume responsibility for collecting the debts from the client's customers.

What Entity Buys Clients' Accounts Receivable and Advances Money to the Client