Factoring can be an excellent option for companies facing a cash-flow squeeze and slow-paying customers. You company can sell their invoices or accounts receivables to a factoring firm for a quick turnaround on their receivables. The factor advances most of the invoice amount — usually 80% to 85% — after checking out the credit-worthiness of the billed customer. When the bill is paid, the … Read More
Who Needs Invoice Factoring?
By now you have heard of Invoice Factoring and may be wondering if you would benefit from this service. Many businesses, from various industries, use factoring as a way to improve working capital and their bottom line. Another benefit is the ability for small businesses to attract more business knowing that the financial burden will be minimized due to financing … Read More