Factoring Bank
Factoring is when a factoring company purchases your open invoices.
Factoring bank. In this article we show you how factoring works. Factoring is the most flexible solution for the management of your working capital requirements on a daily basis. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.
This form of financing gives the client access to immediate funds which can then be used to pay for business expenses and to grow. Factoring is often one of the many finance solutions for your business. You usually receive payment for those invoices within 24 hours.
Factoring is sometimes referred to as accounts receivable financing. Factoring is complementary to other finance solutions and is easily combined with other or more complex solutions such as syndicated facilities.