Industry Focus: Finance—How Can Factoring Services Aid Apparel-Business Recovery?

Entering 2021, the apparel industry can see a bit of hope as businesses look toward maintenance and recovery from a tumultuous year. For apparel-industry businesses, factors—financial agents that serve as lenders through purchasing a company’s invoices—serve as an additional option, especially during challenging times.

To explore these financial-support options, California Apparel News asked finance-industry experts: How can factoring services aid apparel-business recovery from the tumult of 2020 throughout 2021, and what challenges can factor options help companies overcome?