Factoring is when a factoring company purchases your open invoices. You usually receive payment for those invoices within 24 hours. The factoring company then collects payment on those invoices from your customers. Factoring is sometimes referred to as a
Accounts receivable financing, also known as “factoring,” is a financial solution that increases cash flow for your business in 24 hours or less. It allows your company to sell its invoices for a small fee in exchange for an immediate payment advance o