Factoring

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What is Factoring?

Selling an invoice or accounts receivable to obtain immediate cash is called factoring. Essentially, factoring receivables is a method of financing used by businesses to quickly raise capital and improve cash flow so they aren’t held up when there are many things that need to get done every day.

How does Factoring Work?

1

A business sell its invoices at a discount to receive a cash advance within a couple of days instead of waiting 30 to 90 days for a customer to pay the invoice.

2

The invoice are used as collateral in the factoring arrangment. The financing company gives the business an amount equal to a reduced value of the unpaid invoices or receivables.

3

When the invoice or receivables are paid, all amounts advanced, plus the discount and associated fees, go to the finance company and the remainder goes to the business.

This is the process of factoring, and maybe repeated as often as needed.

Factor finding offers you and your business:

A customized program that is specific to your needs

A seperate office to process your accounts receivable funding and represent your company

Experienced and dedicated professionals to process invoice payments, collections and more

The financial ability to meet increased demand or take advantage of a business opportunity

Secure access to account information by phone, email,fax, mail, and online 24/7

And much more!

For a nominal fee you can receive all the benefits of factoring
with Factor Funding.