What is Factoring?
Factoring is a business financing transaction in which your business sells its creditworthy invoices at a discount for cash. We buy a specific invoice and get paid only when your customer pays at no additional cost to you. Factoring invoices is NOT a loan, so there are no daily, weekly, or monthly payments and no additional debt on your company’s balance sheet.
It doesn’t matter if banks have turned you down for a line of credit or loan. If you have creditworthy clients and good receivables, Business Finance Corporation can help finance your business.