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Invoice Factoring Services

oboloo Glossary

Invoice Factoring Services

Invoice factoring is a financial service that allows businesses to turn unpaid customer invoices into immediate cash flow. By partnering with an invoice factoring company, businesses can receive advances of up to 90 percent of the value of their invoices without having to wait for payment from their customers. This allows them to keep their operations running smoothly, even when faced with delays in payment from customers. In addition, invoice factoring companies usually offer additional services such as credit checks, collection services and more – providing businesses with valuable insight and expertise in managing their accounts receivable. With invoice factoring services, businesses can create a healthy cash flow and enjoy greater peace of mind knowing they will receive payment on time every time.

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