The following four steps are an overview of invoice discounting, if you would like to learn more about this product click here:

• Your company write an invoice as usual
• Your company send a sales daybook listing to your factorer
• Your factoring company can then advance you up to 85% of the gross daybook listings
• Your company send out statements and collect cash as usual
• Your company receives payment and banks the cash
• via a trustee bank account your factorer receives cash from your company’s customers.
• Your factorer returns the remaining balance, less charges.