Introduction to Factoring 0% 151 How does factoring benefit sellers? Raises taxes Decreases business efficiency Increases debt burden Provides immediate cash flow Notice of Assignment is sent to: Buyer Import Factor Seller Credit Insurer In which industries is factoring most prevalent? Retail, Hotel & Healthcare Manufacturing IT Services and software All of the above What is the typical factoring fee structure in Factoring? Fixed percentage of the invoice amount As per SOFR Monthly subscription fee Variable fee based on the debtor's credit score Name two parties involved in a factoring transaction. Buyer and seller Bank and government Seller and factor Factor and government What is factoring in trade finance? A form of financing where a business sells its accounts receivable to a factor A type of insurance A form of guarantee It is like bill discounting Please enter your name and email address to view the results. Your score is The average score is 55% LinkedIn Facebook Twitter 0%
