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How Factoring Works

Invoice Factoring : Meridian, MS

What is Factoring?

Invoice Factoring eliminates the waiting for payment part of your Meridian business, and in turn you will have the money you need...when you need it. Factoring is when a third party (a factor or lender) purchases a company's invoices at a discount.

Advantages of Factoring

Invoice Factoring is a way for Meridian and other Mississippi city companies to instill cash into their business instantly, enabling rapid expansion and growth. Factoring allows business owners to spend more time growing the company and as a result rid wasteful time chasing yesterday's paper. To put the advantages of invoice factoring to work for your company, contact Invoice Advance today!

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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