Are you a business owner who wants to increase monthly cash flow,
working capitol, and improve your credit rating? Then invoice
factoring could be right for you.
Invoice factoring is the process by which businesses sell their
invoices to a third party, called a “factor.” The factor buys the
invoices for about 3 to 5 percent less than the invoice is actually
worth. If your business produces any type of invoice, then your
business can take advantage of invoice factoring.
1 comment:
I think 3 to 5 percent is low-balling it a little bit, all the accounts receivable financing i've received is closer to 20%, but it's still great when you're having a financial crises. Cheaper than cash advances and bank overdrafts!
Post a Comment