Traditional Factoring  
 
1. Factoring is the sale of invoices at a discount to a factor for imediate cash.
2. The invoices are due to be paid at some future date.
3. The factor pays you for the invoices immediately and then receives payment from your 
    customer(s) when they pay their invoices.

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Traditional Factoring
Traditional Factoring is an arrangement whereby you, as the client, contract to sell all your accounts receivable to Fordham for an agreed upon period. Factoring provides you with the following advantages:

Funds
Immediate Cash advances up to 90% of the invoice amount, with the balance being paid to you when your customer pays us.

Accounts Receivable Processing
We do all your accounts receivable processing from the time you issue an invoice to collection. We provide you with a report every time a customer pays an invoice, as well as an aged analysis report of all your customers’ accounts. We are able to provide you with secure on-line access to this information updated daily.

Credit Administration
We investigate your customer’s creditworthiness and provide you with credit advice. In addition, at your request, we are able to provide you with credit protection against bad debts.

Collections
Our highly trained and professional receivables management team will at all times deal with your customers politely, with sensitivity and tact, and always with the utmost respect.