A business venture can experience cash shortage or difficulty in being liquid even if it has receivables and steady assets that are more than its payables and other liabilities.
Invoice Factoring How to Finance Growth For a Technology CompanyWithout a Venture Capitalist.
One of the biggest challenges that the owners of small and mid size businesses have is waiting 30 to 60 days to get paid on their invoices.
Growing Faster Than Your Cash Flow? Let Factoring Fund Your Next Expansion!
Why wait weeks or months to get paid by your clients when you can access your money in a matter of days by factoring your invoices. When a business factors their invoices, they are allowing a third party to purchase their invoices at a discount price. This discount is considered the third party’s fee.
FACTORING AS A SOURCE OF BUSINESS FUNDING
Do you supply products and services to commercial customers and are unable to secure traditional bank financing? If so, do you very often have to wait 30 to 90 days or longer for your customers to pay your invoices? Which often leaves you short of the capital you need to effectively operate and build your business.