Receivable Factoring is a facility many of our clients use to
avoid waiting 30-45-60 days for buyers on account to pay. A
Factor essentially buys your invoices at a discounted rate as
soon as it can verify the completed shipment with the account
debtor (your company's buyer). For a small percentage of the
invoice, your company can take advantage of immediate cash.
Factoring is the purchase of accounts receivable for immediate
cash. Factoring gives businesses the power to ensure growth
without diluting equity or incurring debt. After invoices are
submitted and verified, they are funded within 24 hours.