Accounts receivable financing, often called invoice factoring or factoring accounts receivable, allows your business to sell outstanding invoices to a third-party finance company rather than waiting 30, 60, or 90 days for customer payment. You receive an advance of the invoice value (the percentage varies by industry and customer creditworthiness), and the factoring company collects directly from your customer. When payment arrives, you receive the remaining balance minus the factoring fee. Unlike accounts receivable loans that use invoices as collateral, true factoring is a purchase transaction. Driftwood Lending Group, located at 1150 Hammond Dr in Sandy Springs, brokers these arrangements, connecting you with national accounts receivable factoring companies that specialize in your sector.