A financial company to which businesses sell their accounts receivable, usually for a percentage of the total face value, is a factor. Financial firms include banks, trust companies, accredited community development financial institutions, savings and loan associations.
Any company that CROCI Valuation Group considers to be a financial and is as result subject to CROCI company model for financials is referred to as financial company. It is a type of financial company that offers credit for the purchase of accounts receivable and services for consumers by either buying time-sales contracts of retailers or by making small loans directly to customers.
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