Technology/Functionality

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How quickly can I access cash for the invoices I sell to a factor?

Generally you will have access to a large share (80% to 90%) of the value of the invoices you decide to factor within one or two days. The 80% to 90% paid by the factor as a cash advance is usually paid within 24 hours of the invoice being processed (and never normally longer than 48 hours). Same day electronic fund transfer is possible with some providers, although additional factoring fees may be applied . The remaining balance is held until the invoice has been paid in full and you will then receive this amount after the factor has subtracted the prearranged percentages and fees, released on payment.

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