Factores de negocio | Factoring Terminology Glossary

man looking in the large dictionary close upFactoring can play a crucial role in just about any business. This instrumental service that can help business owners eliminate cash flow problems for good is commonly not used. Por qué? Over 70% of business owners have no idea what factoring is, and the 30% that do know about factoring associate it with debt. We want business owners to have the right idea of what exactly factoring is.

We have put together a glossary of the most used terms in our factoring company to help you better understand us.

Let’s first start with defining factoring, then go into the finer details.

FactorizaciónA business that provides funding to companies by financing their account receivables through selling unpaid invoices to an intermediary called a factoring company.

What does all of this mean? Browse through our glossary below to help you better understand how factoring can help your business grow larger than ever before.

Account ReceivablesMoney that is owed to your business. This is typically owed by customers that have an outstanding invoice, or charge, though your business that is typically due to be paid in a certain period of time.

Account Receivable AgingThe amount of time it takes to collect on a receivable. This may be used to determine rate of factoring accounts receivables and a debtor’s good standing.

AdvanceIn factoring, this term means the amount of money that the factoring company can give you up front. Por ejemplo, we give up to 96% of your invoice upfront while other factoring companies can only provide up to 70%.

BankruptcyA business that is unable to repay its debts. con el factoring, we help you avoid bankruptcy by giving you money for your unpaid invoices.

Cash FlowMoney coming in and out of your business. Payments from customers and charges made by business owners to keep the business running.

Credit ProtectionA facility that protects a business owner from potential loss or negligence of payment from a customer. Por ejemplo, we give 100% credit protection on the funds advanced to you in the case that your invoice doesn’t pay for customer credit reasons.

Compañía de factoringA third-party financial services company that purchases current invoices from clients to give them cash right away. When invoices are due, the debtor pays the amount owed to the factoring company. Also referred to as the “funding source.”

Factoring Funding LimitThe maximum amount of money that your factoring company can provide to your account.

factorización de facturasSimply another way of referring to factoring. When a third-party business purchases your outstanding invoices so that you can get funding for your business faster.

El recurso Factoring noA form of factoring where the factoring company takes the credit risk on unpaid invoices due to customer credit problems and bankruptcy.

We hope that this glossary will help you better understand the benefits that factoring can provide to your business. If your business is struggling from cash flow problems or simply growing too rapidly, factoring is a great solution to make both you and your business successful.

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Sobre el Autor:

Robert Bernfeld se inició en el sector financiero comercial en 1974. Sus primeros años incluyen posiciones con Aetna crédito del negocio y el Grupo Foothill. Durante los próximos treinta y cinco años. Señor. Bernfeld establece tanto el arrendamiento de equipos y cuentas por cobrar empresas de factoraje. Se asoció en la fundación de facilitadores comerciales, Cía. en 1999. Sr. Bernfeld se graduó de la Universidad de California, Riverside en 1974 y recibió el grado de Doctor en Jurisprudencia de la Facultad de Derecho de la Universidad de Loyola en 1977.

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