If you choose to factor your invoices, the factoring company will send a Notice of Assignment to your customers to let them know that they will be assuming ownership of the invoices. Many of your clients may already be familiar with the invoice factoring process. Their original service contract will still
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Factoring is a financial solution that allows businesses to sell their outstanding invoices to a third-party company, known as a factor, in exchange for immediate cash. The factor advances most of the invoice’s value to the business and then collects payment from the customer on the outstanding balance. Factoring can help
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