Easy Steps!
- The Client (Your Company) sells Accounts Receivable (Invoices) to the Factor (Funding Source) in exchange for immediate cash.
- The Factor typically advances up to 90% of the face amount of the invoices within 24 hours or less.
- The Factor then collects the accounts from the Client's customers (Account Debtors) and, upon collection, remits to the Client the remaining 10% Reserve, less a fee.
>>Flow Chart
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