The company, in this case Security Business Capital, which advances working capital to the client company against their unpaid accounts receivables.
The company selling invoices for goods and services performed to Security Business Capital — your company.
The agreement between Security Business Capital and your company. This agreement covers such areas as how much the advance rate is, the fee for services, and the length of the factoring relationship.
The fee applied to the client (your company) that covers the collection risk assumed by the factoring company (Security Business Capital). This fee depends on the size of the invoice, the credit rating of the client’s customer, and how long you expect the invoice to remain unpaid, usually within a 30-to-90-day period.
Factoring Advance Rate
The amount deposited into the client’s account upfront — a percentage amount of the invoices are advanced to your company the day your invoices are purchased by Security Business Capital.
Your company's customer who will direct payments to Security Business Capital, for benefit of your company and services rendered.
The process by which SBC purchases a company’s invoices.