What exactly is asset based factoring? Asset based factoring is a method of selling payable invoices to a factoring company at a loss of the total due on the invoices. Selling those invoices is a great way to get working capital out of payable invoices due in the future. There are many reasons invoices may be due in the future - accounts to be paid on a regular basis such … [Read more...]
The Basics of Factoring Financial Services
What is Factoring ? Factoring goes by many names, including invoice discounting, receivables factoring and debtor financing. In simple terms, factoring is a practice wherein one company purchases a debt or invoice from another company. It refers to the acquisition of accounts receivable, which are discounted in order to allow the buyer to make a profit upon collection of … [Read more...]