To infuse funds into your business you may consider using outstanding & past due accounts receivables. Factoring is a simple way for a business to increase the working capital in its business. Funding is provided by selling some of or all of your Accounts Receivables. Technically, you sell an interest in your Accounts Receivables (Invoices to your customers) to a Factoring Company.
Also known as Accounts Receivable Financing, Factoring advances range from 70% to 85% of the Face Value of past due Invoices. There can be an additional fee ranging from 1% -8% of the Face Value of your Invoice for a 30 day period.
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it's nice to see that you aren't sugar-coating the terms of accounts receivable financing, just a few minutes ago i read a blog that said that you will receive 90% of the face value of your accounts; i KNEW that was way too far-fetched!
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