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With invoice factoring, a business sells any number of unpaid invoices to a factor for less than the amount it is owed. In return, the business receives the majority of the invoice amount — as much as 90% — within a few business days, rather than waiting for the 30-, 60- or 90-day period specified on the invoice. In most factoring situations, the factor becomes responsible for collecting the invoice.
Are you finding it hard to finance your international receivables? It’s not impossible to get financing on those receivables, but you must know there is a limited amount of companies that can execute in this unique space. While most companies were taking time off enjoying the holidays we have been very busy solidifying more relationships […]
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