Tag Archives: spot factoring

When Spot Factoring Companies Become a Good Idea

Spot factoring companies offer one of the two main types of receivables finance. They allow business entities to draw immediate funds from a specific invoice thereby hastening the collection and allowing for the receipt of cash even before actual maturity and payment collection transpires. We all know that money is the lifeblood of any organization and without it, operations cannot… (more…)

The Biggest Misconceptions About Spot Factoring

Spot factoring is the method of deriving finance out of a particular customer invoice. It is achieved by selling the right to collect against it to a provider called the factor who in turn grants a monetary sum of its value, often ranging from eighty to ninety five percent with the remaining balance to be given upon full collection from… (more…)

The Different Uses and Purposes for Spot Factoring

Unlike the traditional type, spot factoring involves only the specifically chosen invoice. In this type of financing service, the company has the liberty to choose which and when the invoice will be subject to a factor. Furthermore, it can also be classified to be with recourse or non recourse. The former puts the risk of non-collection from customers to you… (more…)

Spot Factoring Companies: Guidelines, How To and Reminders

Under the umbrella of factoring is what we call single invoice or spot factoring. Instead of subjecting all of your receivables and their corresponding invoices to your chosen financing institution aka one of the spot factoring companies you have chosen, you only advance the value of one. In fact you even get to choose which and when you’d like to… (more…)