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Factoring allows businesses to convert unpaid B2B invoices into cash through a straightforward four-step process: 1. Complete your work and invoice your client.2. Send the invoice to your factoring company.3. Receive most of the invoice's value immediately from the factoring company.4. Once your client pays, receive the remaining sum, minus a small factoring fee.Key terms to watch for in your factoring agreement include: - **Advance Rate**: The upfront cash received upon submitting your invoice.- **Factoring Fee**: The cost associated with factoring an invoice.To optimize your agreement, consider volume minimums, compare fees for competitiveness, ensure timely payments, and choose a specialist like Viva Capital, which offers custom funding solutions across various industries. Request a free rate quote for more information.