Invoice Factoring is one of our cash solutions that the big banks do not offer. This product is not base on your F.I.C.O.
Still, rather your actual business productivity.
Invoice Factoring is a financial transaction: Whereas the business sells its accounts receivable (invoice) to a third party(called a factor) at a discount.
A company will factor in its receivable assets to meet its present and immediate CASH needs instead of waiting for payment based on original contract terms.
Factoring invoices mitigate credit risk.