Press Release Summary = Magnolia Financial is an invoice factoring company that provides a variety of benefits and features. Apart from invoice factoring, Magnolia also provides tips for companies involved in invoice factoring.
Press Release Body = Looking for the easiest way to ready cash? The solution is invoice factoring. Invoice factoring is a process where a business acquire a debt or invoice of another business.
Also known as invoice discounting, receivables factoring and debtor financing, factoring invoices also means acquirement of the accounts receivable, which are discounted to allow the buyer to make a profit upon collection of monies owed.
In invoice factoring, the ownership of such accounts is transferred to another party. From there, the party works vigorously to accumulate liabilities. It works in a simple way, as it alleviates the liable party from debt for less than the full amount.
Invoice factoring is more beneficial to the factor, or new owner, and the seller of the account than to the debtor. The seller receives working capital, while the buyer is able to make a profit by buying the account for considerably less than what it is worth and then collecting on it. Invoice factoring allows a buyer to acquire these accounts for about 25% less than their actual worth. The factor is fully responsible for collecting the debt.
Magnolia Financial is an invoice factoring company that provides a variety of benefits and features. Apart from invoice factoring, Magnolia also provides tips for companies involved in invoice factoring. In invoice factoring, the factor is required to pay additional fees, generally a small percentage of successfully collected fees. The new owner of the account may offer the liable person or entity a small discount on the outstanding debt.
Other arrangements are sometimes made in factoring invoices just to make it simpler. However, in some cases, invoice factoring can cause the consumer or indebted company a great deal of financial hassle, such as in debt consolidation. There is a misconception that invoice factoring is a loan.
With factoring there is neither interest to pay, nor principal to repay; no liability will appear on a company\'s balance sheet due to its invoice factoring. Invoice factoring is simply a company selling one of its assets such as accounts receivable for an agreed-upon "fee" to obtain a more liquid asset like cash, thus self-financing its own growth with debt-free funding.
The principles behind invoice factoring are similar to those behind selling your vehicle to someone. If you are seeking an invoice factoring company, then Magnolia Financial is the best place. For more information on factoring invoices, receivables financing, receivables factoring and receivable management, please visit www.magfinancial.com.
Web Site = http://www.magfinancial.com/
Contact Details = Adam Landrum adam.landrum@gmail.com 187 West Broad St , Spartanburg, SC 29306, USA 866.573.0611
2022
