What is Invoice Factoring, and how does it work at EJN Financial?

Invoice factoring, also known as accounts receivable factoring, is a financing method where a business sells its unpaid invoices to a factoring company in exchange for immediate cash. At EJN Financial, this service allows businesses to convert outstanding invoices into upfront capital, enhancing cash flow without incurring debt. Once the customer pays the invoice, the remaining balance is returned to the business owner, minus a fee.