Factoring made simple
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How funding works
An invoice is a bill for goods or services already provided
A business sells its invoices to a third party (the factor) in order to meet its current obligations
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Rates are based on
The invoice holder's credit worthiness
The length of time until the invoice will be paid
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Ask Yourself
Are you currently factoring any invoices?
Do you presently have a need for additional cash flow?
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Required documents
Sample invoice
Accounts receivable aging report
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Good to know
We only factor business to business transactions
Residual account; represents an ongoing relationship
With factoring you have the chance to get paid for your invoices right away – no need to wait