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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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