factor:
(plural: ‘factors‘; pronunciation: the letter ‘c’ is said with a ‘k’ sound as in “king”)
a person who acts or does business for others in his/her own name, usually on taking some commission;
an agent;
a person or business firm that accepts money receivable as security for short-term loans,
Malcolm needs a finance factor if he wants to continue his small business.
There are several financing companies that provide factors for those small business owners who accept their conditions.
Factors play an important role in building up the small business sector which otherwise may not get the required cash flow to sustain the costs because most standard banks grant loans basing on securities and business track records which most of the small business owners lack, at least at the initial stages!
