Most factors will purchase invoices that are slightly past due. If you have net 30 payment terms a factor may be willing to purchase an invoice that is 40-45 days old. The factoring company would need to verify that the invoice has not been paid yet. If your invoice is significantly past due, for example, 80-90 days it is then … Read More
Can I Factor Slow Paying Customers?
Q: Can I factor my slow paying customers? A: There are two different views when it comes to what customers you should factor. Your factoring company will have specific terms that they can hold invoices for if they are a recourse factor. Most companies will offer NET 90 terms, meaning your invoice must be paid or offset by 90 days. … Read More