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www.ocf.com Accounts Receivable FactoringSetting up an accounts receivable factoring relationship is quick and easy in comparison to other forms of financing. Applications simply call for basic company credit information and a customer list. Years...

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www.ocf.com Accounts Receivable FactoringSetting up an accounts receivable factoring relationship is quick and easy in comparison to other forms of financing. Applications simply call for basic company credit information and a customer list. Years of profitability are not required which makes factoring an option for startups generating receivables. It is possible that funding can occur in as little as a couple of days after the receipt of the credit application and invoices.What is Accounts Receivable Factoring? People consider the accounts receivable factoringdiscount a small cost of doing business. A two-three-percent factoring accounts receivables discount for a 30-day invoice is common. Compared with the problem of not having cash when you need it to operate, the receivable credit line financing discount is negligible. Look at the factoring company collecting the accounts receivables discount as though your business had offered the customer a discount for paying cash. It works out the same.

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