How Does Factoring Work?

Factoring is a transaction in which a business sells their invoices, or receivables, to a factor. The factor then collects payment on those invoices from the customer.

What is a Cash Advance?

Advances are a percentage of the invoice value and usually sent within 24 - 48 hours.Cash advance rates can vary depending on the industry the credit worthiness of the customer.

Is factoring for me?

Factoring helps companies with cash flow shortages to cover fixed expenses. Also, companies experiencing rapid growth that do not qualify for a traditional bank loan will use factoring services.

What if my business has bad credit or no credit history?

Unlike bank loans, you do not need an outstanding credit score and history to qualify for factoring. Factors are focused on the creditworthiness of your customers ability to pay.

How long does it take to be approved?

Apply Today! Once we receive your complete application, it take 24 - 48 hours.

Is there a minimum required to factor each month?

No, factor only what you need. You are never required to factor a monthly minimum and we never charge penalties for not factoring a minimum monthly value.

Do I have to sign a long-term contract?

No, Buffet Factoring does not require you to enter into any termed contracts. You can start and stop factoring any time without any penalties.

How will Factoring affect my customers?

Your customers are not affected by the factoring process. Buffet Factoring sends a professional letter and notice of assignment to your customers to update the payment address.

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