What is Factoring Finance?
If you need your Invoices paid faster, Factoring Finance could help you.
Factoring Finance (also known as Debtor Finance or Invoice Funding) is a type of Finance where you “sell” your invoices to a third party (Bank/Lender) at a discounted rate to get 80% of the Invoice paid immediately and then the balance of the 20% paid to you on payment by the Debtor.
This can also allow you to approach your Creditor/s for a payment discount (if you then pay their account within say, 7-10 days).
For more information on Factoring Finance, call Pearl Finance today on 07 3812 3430 or go to our contact page.
Factoring Finance (also known as Debtor Finance or Invoice Funding) is a type of Finance where you “sell” your invoices to a third party (Bank/Lender) at a discounted rate to get 80% of the Invoice paid immediately and then the balance of the 20% paid to you on payment by the Debtor.
This can also allow you to approach your Creditor/s for a payment discount (if you then pay their account within say, 7-10 days).
For more information on Factoring Finance, call Pearl Finance today on 07 3812 3430 or go to our contact page.
