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Factored debtors

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(Querist)
26 May 2014 what do you mean by when a company factored its debtor's to bank?
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PRADEEP KUMAR VATS

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PRADEEP KUMAR VATS (Expert)
02 June 2014 Hi Saurabh

I have dealt with one of the company which is doing the business of factoring in which they buy the debtors of various companies by paying them half payment initially & half after realisation from debtors & How they were earning
i) By discounting charges
ii) Administration charges
iii)Interest for realisation after due date etc.

so mutatis mutandis u can apply for the bank.

Regards
Pradeep Kumar
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