Invoice Factoring – Can I Qualify & What Does It Cost?
Introduction
Invoice factoring, the sale of accounts receivables, is one of the oldest forms of financing. Factoring began in the garment industry in the 19th Century and has grown steadily and expanded into other industries.
Invoice factoring provides you an advance on your slow paying invoices so you can pay employees and take discounts from your suppliers.
Invoice factoring is available at a minimal fee, which makes it an attractive substitute to assuming more debt.
By factoring your accounts receivable, you get the funds quickly, allowing you to concentrate on growing your business while a third party collects the owed money
Can I Qualify
We utilize the good credit of your customers to secure working capital for your business. Before accepting the invoices, the factoring company will research your clients to make sure they are creditworthy and pay their invoices on time.
Our Credit management department has access to credit ratings and allows you to trade confidently with new customers.
The important point to understand about Factoring...
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