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Every company has invoices of jobs completed; when these are unpaid, cash, certainly, became short. Invoice Factoring Enables that service to borrow versus the not paid invoices as a loan.
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Selling an invoice or accounts receivable to obtain immediate cash is called factoring. Essentially, factoring receivables is a method of financing used by businesses to quickly raise capital and improve cash flow so they aren’t held up when there are many things that need to get done every day.
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http://overnitecapital.com | Factoring is a method of selling accounts receivable to a third party business in return for full payment minus some fees and commissions. For small businesses looking for additional sources of funding outside of traditional loans, factoring is a quick and easy way to gain access to more cash.
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