Invoice Factoring or Bill Discounting, is a form of receivables finance where the factor (MODIFI) buys the invoices issued by a seller (exporter), providing immediate liquidity and buyer credit default protection.
The finance is structured as a true sale of the receivables and should function as "off balance sheet" finance. A factored invoice will not affect your debt ratios (and does not affect your borrowing capacity). Accounting-wise, your receivables convert into cash, without adding any liability.