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How Factoring Works

Government Factoring : Meridian, MS

Government Factoring adds immediate cash in to your Meridian business through the sale of open invoices (accounts receivable), giving your business debt free working capital.

Any Mississippi businesses who contracts with government agencies can benefit from Factoring. Invoice Advance has years of experience in factoring government receivables for local, state and other government contracts. These government agencies have unique ways of handling payments, and our experts know how to handle the nuances of the Assignment of Claims Act (31 U.S.C. 3727) a federal law that specifies the processes for assigning invoices of government contractors.

Invoice Advance goes to bat for your Meridian company in order to process your invoices in the fastest, simplest, and most complete way possible.

How Factoring Works:
The Factoring Cycle:

You sell a product, and or a service to your client.

That's all she wrote; repeat "The Factoring Cycle" as often as needed.

You invoice your client, and submit a copy of the invoice(s) to Factor.

Once paid, the Factor pays you the remaining 10-30% (less service fees).

Factor then verifies the authenticity of the invoice(s) submitted.

Factor will now wait on payment of invoice(s) from your client.

Once verified, Factor will fund 70 – 90% of invoice(s) face value.

The Factoring Cycle:

You sell a product, and or a service to your client.

Step 2:

You invoice your client, and submit a copy of the invoice(s) to Factor.

Step 3:

Factor then verifies the authenticity of the invoice(s) submitted.

Step 4:

Once verified, Factor will fund 70 – 90% of invoice(s) face value.

Step 5:

Factor will now wait on payment of invoice(s) from your client.

Step 6:

Once paid, the Factor pays you the remaining 10-30% (less service fees).

Step 7:

That's all she wrote; repeat "The Factoring Cycle" as often as needed.

Invoice Factoring Calculator
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