Factoring Frequently Asked Questions
What is Factoring?
Factoring is a method that can be used by a company to turn their accounts receivable invoices into immediate working capital.
Who is Factoring for?
Factoring can be used by any company that would like to improve their cash flow by turning their accounts receivable invoices into immediate working capital.
What are the benefits of Factoring?
In addition to greatly improving cash flow Prestige Capital provides clients with the working capital they need to manage operations and payroll without interruption, take advantage of new sales opportunities, or simply pay obligations in a more timely manner.
Describe the process of factoring invoices?
In most cases Prestige Capital can design a working capital solution and fund a company within one week by receiving very little more than a completed credit application and an accounts receivable aging summary.