Factoring.
how does it work?
The Client (you) writes an invoice to your customer for goods or services.
One copy is posted to the customer and the original to us.
The invoice is faxed to us prior to postage and we immediately direct credit 80 - 90% of the invoice value to your nominated account.
1/1/04 Invoice received  $1000.00
1/1/04 Initial advance$900.00
7/1/04 payment received $1000.00
- factoring fee @ 1.5% $15.00
7/1/04 Rebate paid $85.00
Total cost for period $15.00 |
