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This should will talk about invoice factoring and the benefits of it to businesses. Our special guest is Lynn Collins with AmeriSource Funding, Inc. Invoice Factoring, Account Receivable Financing, Asset Based Lending, are whereby a business sells its account receivable to a third party company know as a factor at a discount. The advance factoring provided financing to the sellerr of the accounts in a cash advance up to typically 70 to 90 percent of the invoice face account and and once the client or customer pays the invoice the company usually deduct their fee between 1 to 3%. Factoring is one of the oldest form of asset based financing known. The factoring company assumes the risk. This form of financing is short term.
Apple Capital Group, Inc, is a commercial finance company that specialize in asset based loan program in the US and Canada. For more information, check out our website at http://www.applecapitalgroup.com or call use at 866-611-7457. Check out our daily small business blog by http://blog.applecapitalgroup.com