Unlike with invoice funding, the client is spending the factoring business in the place of you.
Whenever you factor an invoice, you will get a percentage of this invoice amount upfront through the factoring business as well as the rest of the invoice amount without the factoring companyвЂ™s cost if your client will pay the invoice. As an example, with a $1,000 invoice which includes net-60 terms, you will get $900 today and another $50 in 60 times, making $50 for the factoring business.
In training, you might need to inform your client to deliver repayment towards the factoring business. Some […] Read more