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Here is how
a typical transaction
works with factoring in place.
You sell your goods
and/or services to ABC Company. Just like before you invoice
ABC for the service or goods delivered.
You send copies of
your invoices to us. We make a
determination regarding the credit-worthiness of your customers.
We give you immediate
cash for your invoices. Within 24 hours you will receive a
percentage of the invoice (from 70-90%), wired to your account.
We then do the collection of the invoice and pay you the
remainder as it is received, less our small fee.
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