WHAT IS FACTORING?
Factoring is the purchase of accounts receivable (invoices) from a business at a small discount. That is, a factor pays a client immediate cash for the client’s invoices for which payment is due in the future.
Factoring is not a loan. It’s the sale of an asset. A loan places a debt on a balance sheet and it costs interest. Factoring strengthens the balance sheet.
Benefits of factoring with
Patagonic Financial Corp.
- Personalized attention
- Low discount fees starting below 1%
- No application fees
- No monthly minimums
- No long term contracts
- Once your account and costumer are set for factoring, funding will be available within 2 hours
- Discount structure calculated in 10 day increments