Jean Alphin

"Short Stories"

Factoring


This is a method of selling your invoices and cashing in on the money you are owed . This is for small or mid size business, that need to keep cash flow handy when needed.Their are over $140 billion business, that are still handled by Mom-and -Pop operators ,who haven’t changed their practices.Their are a lot of factoring companies to-day,that can help with keeping your cash flow simple.By selling that debt to a third party.You can register with a Factoring company to sell your invoices. Then one of their buyers will bid on your invoice,and if you agree,the bidder will give you a cash advance.Usually 75% to 90% of their value in return for a cut of 1to2%a month.. When your client pays,you get the balance,minus that cut. 

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