the net amount paid was: $998
Invoice discounts are probably the simplest form of invoice financing. Like all types of invoice loans, invoice discounts sell unpaid invoices to lenders and offer cash invoices equal to the percentage of the value of the invoice. When your customer pays the invoice, the lender pays you the balance minus their charges.
Invoice rebates give businesses instant access to the value of cash and sales summarized on unpaid invoices. It's easy, when you charge a customer or principal, the lender gives you a percentage of the total amount and gives your business a cash flow boost.
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