Please forward this error screen to sharedip-10718012130. Please forward this error screen to ind2. Assignment of loan you are the account owner, please submit ticket for further information. It is a short term loan that is secured by the company’s assets such as inventory, real estate, equipment or accounts receivable.
Most are paid back when the asset that secures the loan is converted to cash through normal operations. Accounts Receivable: Money that is owed to you by your customers, usually by issuing an invoice that is due to be paid within a certain period of time. Accounts Receivable Factoring: Another term for factoring. Advance: This is the amount of money that the factoring company advances to your company when they buy the invoice. The advance is often a percentage of the gross value of the invoice and is wired shortly after the invoice is purchased.
Advance rate: The percentage of the invoice that will be advanced. Audit: A review carried out by to ensure that the conditions of the factoring agreement are being met. Bad Debt: Bad debt is debt that has a minimal or limited chance of being collected. Bad debt is often written off or sold to a collections agency.