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Invoice Factoring

Invoice factoring, commonly called account receivable factoring, is when a factoring company purchases your invoices at a discount, in return for immediate cash.

 

This can be an excellent financial tool if your business enters a period of rapid growth or expansion. Interest rates start at .75% per month up to 3.5% depending on credit and the stability of the business. 

 

It provides you with access to additional capital during times of growth and can also be used for:

 

1) Standard or alternative methods

2) Asset based lending

3) Over 70% borrowing capability 

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