How does INvoice Factoring, Commonly Called accounts receivable financing, work?
Invoice factoring, or accounts receivable financing, allows you to turn your invoices into cash. Operating as a factoring company, Platinum Funding Group buys open invoices/accounts receivable in a non-recourse transaction. We advance a significant portion of the value of the invoice upfront. Through the factoring services provided by factoring companies you can accelerate cash flow, increase working capital enabling you to pay your suppliers on time and take advantage of discounts, meet the payroll deadlines, and, ultimately, grow your business.
