Factoring is a widely known and accepted form of financing for business. Factoring releases cash from your receivables by discounting invoices and alleviating the pressure of waiting on customer payment. Typically, factoring invoices are typically used to pay suppliers, employees, or support growth.
Precision Lending Group works with funding sources who will advance up to 93% on each receivable within 24 hours of invoicing. The lender will provide collection support in addition to funding so you can focus on your business. Once payment is received by your customer, the lender will forward the remaining un-advanced amount to your business.
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