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Re: factoring

Check Riviera Financing ( www.rivierafinance.com ). Terms & rates vary, but you will typically get 80% advance on a invoice 24 hours after it is sent to them. Once the invoice is paid, you receive a rebate - 10% which is held in reserve, plus a percentage based on turnaround. If you are getting 30 to 50 day turnaround, you should be in good shape. Factoring company will call on invoice status, hound AP for you, etc. - basically all the stuff nobody wants to deal with. They will also post all of your account info online, so you can keep track of all activity. Hope this helps.
This is CABL.com posting #117414. Tiny Link: cabl.co/mEHW
Posted in reply to: factoring by auditman
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