Account Receivable Factoring. Do You Know How To Pick The Right company
The cost of doing business with an account receivable factoring company is the discount taken on the invoices submitted for funding. Fees range from 1-3 percent, depending on volume, credit-worthiness of customers sold and overall risk. Businesses choosing to maintain momentum, despite a lack of conventional financing options, find the cost of factoring is often offset by the increased revenue created. They also look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing.
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