When a business chooses to factor its invoices, a Notice of Assignment (NOA) plays a critical role in the process. This formal communication informs a business’s customers that their outstanding invoices have been assigned to a factoring company and that future payments should be directed accordingly.

At Bridgeport Capital, we use the NOA to establish transparency between your company, your customers, and our team. This step ensures seamless financial transactions and keeps your cash flow moving efficiently.

How Does a Notice of Assignment Work?

Once you sell your outstanding receivables to Bridgeport Capital, we promptly notify your customers (also known as account debtors) that we now manage their invoice payments. The NOA ensures that payments are properly routed, eliminating confusion and accelerating your access to working capital.

This document is a standard part of any factoring agreement, reinforcing that invoice ownership has been transferred. While some businesses may worry about how their customers will perceive this change, invoice factoring is a common financial tool that supports growth without adding debt.

What’s Included in a Notice of Assignment?

A typical NOA contains the following key details:
✔ Clear Communication – Notifies customers that Bridgeport Capital is managing invoice payments.
✔ Payment Instructions – Provides updated remittance details for seamless transactions.
✔ Legal Documentation – Confirms that accounts receivable have been assigned to a third party.
✔ Streamlined Processing – Helps customers understand how to properly direct their payments.

By ensuring that your customers are informed and aligned with this process, the NOA helps maintain strong business relationships while unlocking immediate liquidity for your company.

Why Factoring & NOAs Benefit Your Business

Using invoice factoring and sending a NOA is a strategic financial move that helps businesses improve their cash flow without taking on debt. Some key advantages include:

💰 Faster Cash Flow – No more waiting on long payment terms; get funded quickly.
📊 Simplified Accounting – Ensures smooth transactions between your customers and Bridgeport Capital.
🤝 Stronger Business Stability – Shows that your company is financially structured for growth.
🛡 Risk Reduction – Bridgeport Capital assumes the responsibility of managing payments.

With Bridgeport Capital, you’re not just getting a factoring service—you’re gaining a financial partner dedicated to helping your business succeed.

Unlock Faster Growth with Bridgeport Capital

If you’re ready to optimize your cash flow and streamline your receivables management, Bridgeport Capital is here to help. Our customized factoring solutions ensure that you have the working capital needed to fuel your operations.

📩 Contact us today to learn more about how our factoring services can benefit your business!