How invoice factoring works, and how it can benefit you
Invoice factoring, also known as accounts receivable factoring, is a form of working capital financing for businesses selling goods and services to other businesses on credit. By “selling” their invoices to a factoring company, a business has access to instant cash, professional accounts receivable management, and up to date credit information.
Who Can Use Invoice Factoring?
Any B2B business selling its products and/or services on credit terms (i.e. net 15, 30, 60, etc.). Business can be early stage start ups or tenured entities with annual revenues up to $60 million.