Understanding Factoring Rates
What is the key to Understanding Factoring Rates? Many business owners attempt to compare APR interest rates to invoice factoring rates. The problem is twofold. One, the best factoring company’s rates include Accounts Receivable Management, Credit Services and Credit Protection and two, a bank only helps the most creditworthy company with typically 3 years of proven profitability. We now explain the basic factoring process in simple terms for you to understand how it works and what it would cost you. What is a Factoring Advance Rate?: A...
read moreWhat is Discount Factoring?
What is Discount Factoring? Discount Factoring, also knows as recourse factoring provides your business with versatile and immediate cash that will give you the funds to grow, restructure, take advantage of supplier discounts or even to fund payroll. Your company probably needs more cash flow to support seasonal demands, growth, and more. Discount factoring is used by many large well-known companies. It is less expensive than traditional factoring, but, like traditional factoring, it is less restrictive than equity financing, allows you to...
read moreIs Cheap Invoice Factoring Available?
People who are looking to factor their invoices will probably have the same question: Is Cheap Invoice Factoring Available? Apart from the quick turnaround approval times and outright funding, what about the other side of the story? What about the fees that come along hand in hand with this convenience? What is Invoice Factoring? Before getting into the details, let’s first get into a brief overview of what Invoice Factoring is and how it works. Invoice Factoring is a financing option where you don’t have to worry about incurring more...
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