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How Factoring Works
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Government Factoring : Pawtucket, RI

factoring instills immediate cash in to your Rhode Island businessThrough the sale of your Pawtucket company's invoices (accounts receivable) at a small discount, government factoring injects immediate cash in to your business, giving you the working capital your company needs.

Invoice Advance has dedicated specialists which will assist you through the process of factoring government receivables and negotiating the "Assignment of Claims Act" (31 U.S.C.3727).

Why factor your government invoices?

  • Always meet payroll and salaries — on time!
  • Cover rent, overhead and other expenses.
  • Pay suppliers early (negotiate discounts).
  • Take advantage of growth opportunities.
  • Hire additional staff and/or purchase new equipment.
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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