Banking

Guide To Small Business Factoring

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Executive Summary

How does factoring work? It is easy and yet complicated all at the same time. The factor will generally manage your sales ledger for you while also providing you with collection services for all outstanding invoices. Typically you will be loaned 80% to 90% of the total amount of the invoice. You will generally receive the money within 24 hours of agreeing to the services of the factor. Factoring for a small business does cost money, though. Usually there are a couple of different costs you have to consider.

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