Factoring is a way for
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores owners to get working capital to run their business and make sure they’ll get
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores .
Let’s say you make furniture and
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores all across the country sell your furniture in their
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores . One day one of the retailers places an
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores for a 100 tables.
So you
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores them the tables and send them an
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores . Now that you shipped the order, you need
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores so that you can buy the raw materials to
make more tables and pay your
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores . But there’s a problem.
The retailer might not pay the invoice for 30, 60 or even 90
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores . But you need that
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores now so you can buy new material and pay your
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores . This is where a
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores company can help.
When a retailer
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores an order with you, the factoring company makes sure the retailer is credit worthy to pay for the order. They keep
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores of all payments. So you always know which retailers have paid, and which ones haven’t.
And they collect
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores from retailers, so you don’t have to.
The
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores of this is that as soon as the tables have been shipped, the factoring company could advance you a percentage (e.g. 80 - 90 %) of the
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores of the invoice.
So you can put that money to work right away... instead of waiting for the retailer to pay that invoice.
Once the retailer has paid the invoice, the factoring company remits the balance of the purchase price to you. If the retailer doesn’t pay the invoice when it’s
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores , the factoring company calls to follow up on payment.
Even if the retailer goes
advantage amount bankrupt bills business cash days due employees factoring invoice money order paid payments places records retailers ship stores the factoring company will still pay the full amount that you are owed. And that’s how, with factoring you can
can be sure that you’ll get paid.