This process normally takes a few hours. The remaining 10 - 20% of each invoice value, less a monthly fee, is paid to you when we receive payment from your customers. Full accounting is provided through a set of comprehensive weekly reports. That’s all there is to it. It is easy, fast and it works.
Conceptually, factoring is like accepting credit cards from your customers. The credit card company (Fairbanx) pays you at the point of sale and waits to collect from your customers. Today, most merchants accept credit cards from their customers, as they know they would not otherwise generate as much revenue. Factoring has come of age over the last few years, it now accounts for over $100B in annual transactions in the USA.
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