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Notice of Assignment: A Step in the Factoring Process

Posted by Chris on Feb 11, 2018 in Business Tools, Invoice Factoring, Non Recourse factoring | Comments Off on Notice of Assignment: A Step in the Factoring Process |

Notice of Assignment: A Step in the Factoring Process

In understanding the Notice of Assignment’s (NOA) both concept and style, it is important first to understand what does invoice factoring means. As well as how does it work. Invoice factoring also referred to as Accounts Receivable (AR) factoring. This is a type of debtor finance that grants you funding based on your invoices. It is a financial transaction between a factoring company and your business inducing that you agree to sell your AR to your factor at a discount. After setting an agreement, your factoring company will provide you with...

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