Factoring is the sale of a commercial invoice at a discount, also known as accounts receivable.
Receivables are often purchased without recourse, meaning that, in the event of financial inability to pay, we do not look for reimbursement from your client to recover bad debts. Accounts Receivable Financing, is generally conducted on a notification basis, which means that your customers will be notified that the invoice has been purchased and payment is sent to us. We purchase commercial invoices as well as those owed from federal, state, or municipal government agencies, hospitals and universities. The credit standing of our client is unimportant. We are interested in the credit worthiness of your customers.