Factoring is simply a sales and purchase transaction between a factor (the factoring company) and its client, whereby the factor would not only purchase its client?s trade receivables but gain ownership of the debt as well, thus allowing the factor to collect payments from the client?s customers.

Factoring is a receivables financing facility designed for the SMI?s and unlike what is commonly believed by those who are unfamiliar with the concept of factoring, a factoring facility is not a loan facility nor is a factoring company a debt collection agency.

The factor gains ownership of its client?s trade debts and thus becomes the new owner of the said debts. The client?s customers would then become the debtors of the factor and these debtors would be required to pay the factor directly to discharge their debt.


10 Benefits :-

1. Obtain Cash Without Debt
2. No Credits Limits
3. No long Term Contracts
4. Use of Funds is Not restricted
5. Pick and Choose What Invoices to Factor
6. Strong Financials not Reqiured on Business
7. Available to new and non-bankable business
8. Avoid Extending Invoices Terms to Questionable
Customers.
9. Low Factoring Fee
10. Receive Cash Fast

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