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Anybody used invoice factoring?

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georgelopez66
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« on: September 24, 2009, 11:56:07 am »

Hi

I am looking into invoice factoring so that my cash flow is better, has anybody used this before? I was wondering how much percentage do the average bank take for doing this and if it worked out a good thing for other businesses.

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« on: September 24, 2009, 11:56:07 am »

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atari
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« Reply #1 on: September 24, 2009, 08:55:50 pm »

from what I know, factoring companies usually charge 5-10% for receivables in good condition (less than 1/2 year). but it really depends a lot on the quality of the portfolio. it can be 50% too.
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