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About the Product
For this, businesses typically need to provide an application for factoring, accounts receivables, aging report of those accounts receivables, required legal business documents, a business bank account, and clients with good credit
Typically Targeted at
All businesses
Invoice Factoring: This is a financial transaction where a business sells its accounts receivable (invoices) to a third party (called a factor) at a discount. This is often used by businesses to meet immediate cash flow needs. For instance, a manufacturing company in India might use invoice factoring to receive immediate payment for its invoices, rather than waiting for the usual 30-90 day payment term.
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