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Invoice Factoring : Madison, AL

What's Factoring?

Invoice Factoring, is essentially the sale of open invoices to a 3rd party. It provides instant needed cash to Madison businesses. Alabama businesses that may need to meet payroll, pay vendors, or most importantly simply can't grow due to lack of capital on hand, can benefit immensely from Invoice Factoring.

Why Factoring?

Certain business conditions exist that so many Madison business owners want to muscle through. They think that it is just the way things are. Things like paying payroll taxes, paying vendors, working weekends and waiting on payments (30, 45 even 60+ days waiting). You know your clients are good for it and it's just the way business is done. But there is a way Alabama business owners can use their muscle for much more important things −like building new business. The way is invoice factoring.

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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