![]() The third party pays the remaining balance upon receipt of the customer’s debt. Advance factoring: In this transaction, the third party pays a percentage of the accounts receivable to the indebted business before the customer pays the invoice.Once the property owner pays the invoice, the third party pays ABC Construction the remaining balance minus its commission fees.īusinesses can engage in various types of factoring, including:.ABC Construction receives an advance of $800,000 and the third party takes over pursuing payment on the invoice. ![]()
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