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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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| HOW CAN FACTORING HELP AVOID NON-PAYMENT OF INVOICES |
| 08 August 2006 |
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| If, by the nature of your business, you have to sell goods or services on credit terms to your customers and you are trading 'business to business' then you will already know that not only does this implode on your working capital by holding back cash flow, but you also have the risk of non-payment for the supply of those goods or services. |
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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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