What is Spot Invoice Factoring?

Posted by on Jun 6, 2012 in Business Tools, Spot Factoring | 0 comments

What is Spot Invoice Factoring?

Spot factoring is the one time or occasional selling of your invoices to a factor. It is different in a couple of key ways versus a traditional factoring company relationship. 1. There is no long-term contract: Most Factoring relationships will have a 6 month to an 18-month contract. This way you know you can get your needed working capital every week and the Factoring Company knows that they will be able to employ a certain amount of capital every week for your use. 2. Spot factoring is typically more expensive: Since it is a one time or...

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