What is Invoice Factoring?
Invoice Factoring is a financial tool that speeds up the cash flow a company has available with your accounts receivables. Factoring company purchases your invoices at a small discount turning them into immediate cash. You will normally receive from 80 to 95% of the invoice value depending on the industry. The remaining part of the invoice that is not paid will be paid to you once invoice is paid minus the factoring fee. No more waiting 30, 60 or even 90 days to get paid with invoice factoring.
As you can see, invoice factoring keeps pace with your company's business growth. In a competitive market it is vital that businesses have access to ongoing working capital as and when they need it. Factoring is Quick and simple way to raise funds that are needed in a moments noticed without debt.
- Set up account in 3 to 5 working days
- 24 hour funding
- Consistent Cash Flow
