The original form of invoice finance. Allows you to raise funds from your outstanding invoices, with the added benefit of credit control.
This is a financial product which allows your business to raise cash from your outstanding business to business invoices. The invoice factoring provider would advance you an agreed percentage against your unpaid customer invoices.
The factoring company takes assignment of the invoices, giving you a percentage of the total invoice value. They then take responsibility for chasing & collecting the invoice payments. This facility comes with the added benefit of credit control.
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