Factoring & A/R Management

Factoring is a great way to cash in on the invoices that your customers still owe you on. For example, let’s say you successfully deliver 10,000 pairs of socks to “Big Box Store A”. In 90 days, “Big Box Store A” will pay your invoice for the successful delivery; however, what will you do in the following 90 days without that money? After all, you have payroll, rent, utilities, and insurance payments to take care of. Instead of taking out a loan, you can sell your invoices and get paid immediately. This is a great way to get the cash you need for the services or goods you have delivered without getting into debt.