Institute For Microfinance Research
21.03.2023Some banks assume collection of the accounts receivable by requiring that invoice funds be made to a checking account established solely for that function, thereby ensuring that the financial institution is conscious of all funds the corporate receives. In different instances, the financial institution allows the corporate to proceed their existing collection process, counting on the company to current timely studies of collections to the bank and have sufficient money readily available if a cost on the loan is required.
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