RATE: Amount of money provided immediately to the company
factoring its Accounts Receivable expressed as a percentage of
the total invoice amount. Advance Rates usually range from 75
FEE: Interest rate charged to the company factoring its Accounts
Receivable. Discount fees are a flat fixed percentage of the total
invoice amount no matter how long the customer takes to remit
A factor is a company that provides operating capital to businesses
by purchasing their Accounts Receivable.
OR HOLDBACK: Amount of money that is not immediately provided
to the company factoring its Accounts Receivable expressed as
a percentage of the total invoice amount (Advance Rate + Reserve
= 100% or Total Invoice Amount). This money is transferred to
your company once payment is received by the factor.
here to fill out a Client Profile and start getting your cash