Have you ever wondered what is factoring or even heard of it?
Factoring, also known as invoice buying or accounts receivable factoring, accelerates your working capital and gets you the funds you need fast. Factoring is a funding tool in which a factoring company, such as Cash Flow Resources, buys your invoices and advances you a percentage of your invoice as soon as it is generated and verified. When your customer pays the invoice, the invoice balance, less a small fee, is forwarded to you.
Factoring allows you to receive cash faster instead of waiting 30, 60 or 90 days on payment from your customers. You maintain your ownership structure and the relationships with your customers while we provide the cash you need to run your business.
Check out the video below for more information.