Invoice Discounting (Factoring)

Invoice discounting, also known as Factoring, is a financial transaction whereby your company sells its invoices (accounts receivable) to raise immediate cash. Rather than waiting for payment from your customer, Invoice Discounting provides you with cash today. This ensures that you can meet current obligations and know that you have the financing in place for your next major sale. Invoice Discounting is short term financing that grows as quickly as your business, and can generally be used in conjunction with your present bank financing.

Small to medium sized companies that require improved cash flow as a result of strong sales growth and are doing business with good quality customers are our target markets for this service. E² Business Solutions can arrange to finance transactions ranging from $50,000 to $1,500,000. There is no fee to apply. Once the account is set up, funds are advanced within 24 hours of receipt and verification of the invoice.

E² Business Solutionss will advance up to 90% of the face value of an invoice. The remaining balance (known as a holdback) is returned to you net of E² Business Solutions fees once the invoice has been paid. TCE assesses its financing charges on a daily basis and only charges for the actual number of days that the invoice is outstanding (from date of purchase to date of payment).