Factoring for Enterprises

On a regular and predefined basis, the company will submit to the factor a list of receivables and the factor will try to collect on these balances and provide information to the company the balances that were collected and not and whether or not the remaining uncollected receivables will push these customers into non-factor status for future sales.

Regardless of the status of the receivable the factor will send payment to the company shortly after the receivable is transferred to the factor and the company can then use the cash to pay their vendors and support their operations.