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A Discount Factor For Businesses That Want To Make More Money
One of the oldest forms of business financing, discount factoring - selling accounts receivable to a third-party discount factor funding source for cash - is the cash-management tool of choice for many companies.
In a typical discount factor arrangement, the client (you) makes a sale, delivers the product or service and generates an invoice. The factor (the funding Source) buys the fight to collect on that invoice by agreeing to pay you the invoice's face value less a discount - typically 1 percent to 3 percent.
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