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