Invoice Factoring: How Businesses Can Turn Unpaid Invoices Into Immediate Cash
Invoice factoring can turn approved unpaid invoices into cash before customers reach their 30-, 60-, or 90-day payment dates. Instead of waiting, the business sells eligible business-to-business invoices to a factoring company. The factor advances part of their value, often as a large percentage rather than the full amount. After the customer pays, the factor…