I set up my first wholly owned Luxury Hotel in USA, which was awarded three Michelin stars within three years of its launch. Over the next five years my team launched some of Chicago’s most high profile hotel and restaurants including Claridge’s, Pétrus and The Savoy Grill.
Factoring is a form of financing, otherwise known as “accounts receivable financing,” factoring company that provides businesses with immediate cash for their invoices, without them having to take out a loan. The third party (factor) buys the company’s invoices and then collects on those invoices on the company’s behalf, for a percentage of the invoice.