How to Get the Most Out of Your Factoring Partnership
Invoice factoring (or Accounts Receivable Financing) is a proven cash flow solution that has helped countless companies succeed in business. So how exactly does invoice factoring help those companies, and how can it help you?
Factoring works like this:
- You send your accounts receivable, or invoices, to your factoring company
- The factoring company pays the you up to 90% of that invoice in 24 hours, while keeping the rest in a reserve account
- Your factoring company professionally handles the collection of your invoices
- You receive the remaining invoice amount that was in the reserve account, minus a small fee
Invoice factoring is a cost-effective solution that allows companies to have a predictable, steady stream of income. And when you factor your invoices with eCapital, you get a strong financial partnership with a trusted factoring company who really cares about your business. Download our PDF to learn how to get the most from your invoice factoring partnership.