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by uerobert 2477 days ago
This is what is known as Merchant Cash Advance (MCA) https://en.wikipedia.org/wiki/Merchant_cash_advance, nearly every business with at least $20k credit/debit card sales a year has access to through their payment processor, bank, or companies that specialize in that sort of arrangement, of which there are tons. It is not a loan, what you are doing is basically selling your future card sales at a discount.
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Is there a similar term for Cash Receivables not from Credit / Debit Card but from Business to Business 30 Days credit?
Asset Based Lending is the blanket term for borrowing against receivables and/or inventory: https://en.wikipedia.org/wiki/Asset-based_lending
factoring comes in different flavors too. for instance, you can flat-out sell future aaccounts receivables (at a discount, so it has an imputed interest rate), or you can use it as collateral for a loan (with an explicit interest rate).