PURCHASE ORDER AND RECIEVABLE FINANCING (Factoring)

Factoring Receivables is a financial transaction and a type of debtor finance in which a business sells its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs.
Factoring Purchase Orders is a financing that works by advancing your company funds in order to finance existing customer orders and contracts. Your company is advanced a “portion” of a given order’s value. This advance allows your enterprise to purchase the raw materials, parts and finished goods needed to fulfill your customer’s requirements.