Receivable type
Factoring.
Sell the invoice; the factor collects.
The buyer purchases the receivable and usually collects from the debtor.
What to expect
Factoring
01
Documents
Invoice, contract, delivery or acceptance evidence.
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02
Cost
Advance, fee, reserve and recourse, disclosed before you accept.
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03
Who buys
Different buyers for current, overdue and specialist claims.
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Not every invoice in this category is financeable. Eligibility depends on the debtor, the evidence and the buyer's mandate.