Factoring & Invoice Discounting - Glossary
factoring
Factoring enables you to turn your outstanding invoices into real money
factoring company
This is a business or organisation that will make a factoring agreement and take at least 5% of the monies recovered.
invoice factoring
Invoice Discounting means you are responsible for administering the sales ledger collections, customers need not know that you have an Invoice discounting agreement.
factoring receivables
This is when your account receivables (outstanding invoices) are paid to you by a factoring company before your invoices are paid by your customer.
account receivable factoring
As above if your customer has a good credit rating you can receive your outstanding invoices earlier than expected.
factoring services
There are many bespoke agreements that can be made with a factoring company, these are part of the services offered by such businesses
freight bill factoring
With a long wait for payments in the freight industry, Factoring has become a good way of keeping cash flow to a maximum
bill factoring
Bills and invoices are treated the same
factoring rate
A factoring company may charge as little as 5% of the outstanding invoice but this is rare the rate is usually 15%
factoring account receivables
see factoring receivables
receivable factoring
see factoring receivables
factoring broker
Some companies take away the headache of finding your best factoring deal these are known as brokers
factoring calculator
Using a special calculate you can work out how much of your outstanding invoices will be received by you.
Account receivable factoring company
see factoring company
financial factoring services
While most outstanding invoices are for goods or stock financial institutions may well have a need for factoring
business factoring
Nearly all businesses qualify for a factoring account providing their customers are creditworthy
financial factoring
See financial factoring services
working capital factoring
Working capital is wages, bills, external services etc, this essential revenue can be maintained with a well thought out factoring plan.
commercial factoring
Businesses can use commercial factoring to gain better control and management over their receivables.
invoice discounting factoring
Invoice discounting gives payment of a percentage of the total amount owing by customers as opposed to Factoring which gives payment of a percentage of each individual invoice.
construction factoring
In construction completion dates can go beyond their stipulated date, factoring can maintain cash flow while the work is completed.
small business factoring
Even small business owners (SME's) can qualify for factoring, this is usually dependent on your customers having good credit.
international factoring
If you deal with international customers you can still get factors that will recover your outstanding invoices from other countries in other currencies.
account factoring
see factoring receivables
business & financial factoring
See financial factoring services
factoring help
Use this website to help you find a reliable factoring company
medical factoring
This is when the healthcare provider receives cash immediately for their outstanding invoices
factoring & cash flow
Cash flow is the most important aspect of a business large or small, factoring helps you keep your cash flow constant by not having to wait long periods for payments (sometimes as long as 120 days)
factoring consultant
A good factoring consultant will show you all possible solutions that will benefit your business
factoring program
A factoring program or contract may last at least 12 months
factoring settlement
settlement factoring transaction" is a means means a transfer of structured settlement payment rights made for consideration by means of sale, assignment, pledge.
factoring medical receivables
See medical factoring
commercial account receivable factoring
see commercial factoring
factoring medical receivable
See medical factoring
factoring freight
See freight bill factoring
factoring loan
Factoring is a kind of loan where your payments are taken from your outstanding invoices.
commercial factoring receivable
see commercial factoring
factoring funding
Funding from a factoring company is what your company deeds in a time of financial crisis.
factoring line of credit
The amount of credit that can be provided to a borrower by a lender is known as "Line of Credit".
factoring government receivables
Customers that are part of the government by default "almost" have excellent credit, this means you are in an excellent position to receive a factoring agreement
factoring information
Use this site to find information about factoring
online factoring
Many internet companies will accept online applications as a precursor to an actual meeting
factoring agreement
A factoring agreement may last at least 12 months
factoring solution
many options are available but a bespoke factoring solution will better suit your company.
factoring software
Their is plenty of training software available featuring extensive courses for those interested in the factoring industry.
transportation factoring
See freight bill factoring
factoring uk
Factoring in the UK has subtle differences from most other countries
account receivable financing & factoring
The best way to recover those outstanding debts owed by your customers.
factoring quote
Get FREE Quotes - For UK Factoring
invoice factoring company
see factoring company
international factoring association & The Factors and Discounters Association
"The International Factoring Association's (IFA) goal is to assist the Factoring community by providing information, training, purchasing power and a resource for the Factoring community".
see http://www.factoring.org
receivables factoring
see factoring receivables
business receivable factoring
See financial factoring services
factoring finance
See financial factoring services
debt factoring
If you have to pay for raw materials or pay for equipment to to carry out a service before the customer pays the invoice you could find yourself in a situation called "over-trading". This is when factoring your debts (debt factoring) comes into its own.
credit card factoring
If you take cr4edit card payment over the phone you could end up waiting for payments, factoring can overcome this obstacle.
factoring receivable & cash flow factor
See factoring & cash flow
factoring & future cash payment
Funding is linked to your current, and future trading levels and needs.
factoring structured settlement
See factoring settlement
asset based factoring
A factoring company may demand security using your assets