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What is Factoring? |
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The word factoring is used here to cover a range of associated products where finance is provided against the security of trade debts.
Normally as an invoice is raised a copy will be sent to a factor who will then fund upto 85% against the invoice in advance of the customer paying. The remainder will become payable either on a maturity date or when the customer pays. As the invoice is assigned to the factor payment by the customer will be direct to the factor.
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Factoring Articles |
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Is Factoring for me? |
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Find out more on how factoring can help a business to expand and when it should be used and how much does it cost.
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