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Accounts receivable funding is a financial transaction where a business sells its invoices (accounts receivables) to a factoring company at a discount. The funds from the purchase become immediate cash for the business to use as working capital. This process is also called accounts receivable financing and factoring.

A business may receive anywhere from 70% up to 90% of the original invoice as immediate cash funds. When invoice payments are made to the factoring company by your customers, the remaining 10% to 30% of the invoice amount is sent to the business less our fees. . The business will have the working capital they need without paying out-of-pocket fees at the beginning of the funding process. Learn more about how factoring services work by browsing the New Century Financial website.

Here for details: http://www.newcenturyfinancial.com/cash/accounts-receivable-funding