Invoice Factoring or Accounts Receivable Financing
Cash flow factoring-also known as invoice factoring and accounts receivable factoring—is the sale of your invoices for immediate cash. As top-of-the-line factoring companies go, we purchase your receivables and:
- Advance you 70% - 80% of the face value of the invoice.
- Charge you a fee. A typical charge for an aged 30 day invoice will be 2% to 4%, 3% to 6% if the invoice is aged 60 days.
- Remit to you the balance when the invoice is paid.
We provide advanced funding
- Vecron Asset Management will purchase the receivables at 70-80% advance rate.
- We purchase the receivables on a recourse and non-recourse basis.
- Each week our customers receive an equity payment based on collections from the prior week.
Vecron Asset Management factors any type of industry whether it be service, manufacturing or distribution.