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Going back to the original question, factoring is a very simple concept although there are lots of variations.
In short they loan you money against the issue of your invoice and not the receipt of the funds. Typically 75%. You get about 20% when the client pays and they keep typically about 5% in fees. Sometimes less. NB if the client doesn't pay the factoring company can claw this back from you. Your customers pay the factor and not you which means you are to an extent cut out of the debt collection process although in reality you will still need to get actively involved as the factors just charge you more interest if your clients doest pay!
Personally I wouldn't go into business using a factor out of choice, however it is spun these days it is very expensive, especially for smaller businesses, and really is the "lender of last resort". They tend to have rather fierce terms including forcing you to put all your sales through them - i.e. its very hard to break out of the cycle of using them when they are swiping most of your profit margins!
However in your case you are only waiting for the credit card account to clear then this is not as above going to be appropriate although you could perhaps set something up along these lines. If you are selling laptops I cant see how you are doing to do it without any cash. Any credit costs will presumably wipe out your margins.
How about simply asking for bank transfers - these now clear next day between most banks? You save the 3% credit card fee too...
Hope that explains a little more
Regards,
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