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What is Spot Invoice Factoring?

Posted by Chris 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 crucial ways versus a traditional factoring company relationship. There is no long-term contract Most Factoring relationships will have six months to an 18-month contract. This way, you know you can get your needed working capital every week. Also, the Factoring Company knows that they will be able to employ a certain amount of money every week for your use. Spot factoring is typically more expensive Since it is a one time or...

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