Nov 01 2007
Review: AIM Business Capital
Why does my business need a Factoring company ?
This really applies to medium to large sized businesses. Factoring is often used synonymously with accounts receivable financing. Factoring is a form of commercial finance whereby a business sells its accounts receivables (in the form of invoices) at a discount. Effectively, the business is no longer dependent on the conversion of accounts receivable to cash from the actual payment from their customers, which takes place on typical 30-to-90-day terms. Businesses benefit from the acceleration of cash flow by obtaining cash from the factor equal to the face value of the sold accounts receivable, less a factor’s fee.
How does AIM Business Capital help you do Invoice Factoring ?
You send your invoices to AIM Business Capital.
We verify that the product on the invoice was received by your client.
You receive accounts receivable cash flow from AIM.
The invoices are forwarded to your customers who [...]
Original post by Everything Finance