As with factoring, debts are sold to the factor but here the business continues to operate its own sales ledger and deals with customers when collecting outstanding debts.
Instant cash upon issuing invoices without sales ledger and collection services.
Selling your sales invoices (in confidence) to a finance house in exchange for cash. Debt management remains your responsibility. Leasehold Property Property held under a lease.
An arrangement whereby a creditor sells his debts to a discounter for an immediate sum. The creditor however remains responsible for collection and then remits the proceeds to the discounter.
A method of funding for a company when it sells outstanding invoices to a finance house unbeknown to the debtor.