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How Factoring Works
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Government Factoring : Savannah, GA

A common issue that many Savannah and other Georgia businesses face while trying to facilitate factoring for a government contract is — Most factors do not want to fund receivables that are comprised of high concentration within just a few customers. This is a problem, because this is in many instances commonplace with government contractors; where a single invoice reaches well over a million dollars, many factors simply turn away.

Some factors simply do not have the familiarity or knowledge needed when dealing with government receivables. Here at Invoice Advance we are well accustomed to the "Assignment of Claims (31 U.S.C. 3727)" and "FAR (Federal Acquisition Regulation)" which are the federal laws and governing powers which enable and identify the procedures for assigning financial rights of receivables/invoices of government contractors.

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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