How does factoring receivables work exactly? Most business owners are not aware that can actually use their invoices as an asset to help them fund their business. Factoring receivable invoices is the sale of an asset – your invoice. The sale of your invoices to a third party – known as a Factor – eliminates the sale-to-collection business cycle of waiting for payment. A factor will purchase your invoices for up to 90% of the total amount. Get your cash now and the factor takes on the risk of collecting the payments from your customers. The creditworthiness of your customers is very important if you want to get a good rate from a factor. To find out more about factoring receivables, contact your agent at General Cash Advance today and let them guide you to receiving the funds you need fast!