An invoice factoring company, also known as a Factor, provides factoring services by buying your invoices at a discount where you get 70-90% upfront and the balance of the invoice less the factoring fee when your customer pays the invoice in 30-90 days. All invoice factoring companies turn your unpaid invoices into fast working capital. Invoice factoring can be either with recourse back to you or without recourse (what Bankers Factoring offers), where the invoice factoring company takes a specific type of credit risk, which is typically bankruptcy, insolvency, or protracted slow pay by your customers. Your company, of course, is responsible for your product or service meeting the quality, quantity, and timeliness standards set by your customers (the Account Debtors). Factoring is also known as: Invoice factoring Invoice discounting Accounts receivable factoring Accounts receivable financing A/R factoring AR factoring (Google confuses the two) Factoring loans AR loans A/R loans Accounts receivable loans Accounts receivable funding Ledgered line of credit An Invoice or A/R Factoring Company, also known as a Factor, can be a part of banks or independent companies like Bankers Factoring, buy your invoices to a third party B2B or B2G Customer at a discount with or without recourse.