Do you have enough working capital to make the necessary investments to grow and expand? Understanding the strength of your business finances helps to assess your financial situation both now and in the future.
Do you have enough working capital to make the necessary investments to grow and expand? Understanding the strength of your business finances helps to assess your financial situation both now and in the future.
Topics: Business Financing, Invoice factoring
Cash flow can sometimes be a challenge for any business. This is especially true when your customers pay for goods and services 30 – 60 days after receiving them. Invoice factoring offers your business the opportunity to turn outstanding invoices into cash.
Factoring your accounts receivable is a valuable financial tool for companies that have experienced difficulty obtaining traditional funding and have reliable but slow paying accounts. It helps if the invoices are for substantial amounts, rather than many invoices for smaller amounts. There are always exceptions to the rule, but this should help establish whether invoice factoring may be the right choice for your company.
Topics: Cash Flow, About Invoice Factoring, Business Financing
