Invoice Factoring In Atlanta Provides Relief To Cash-Strapped Businesses
Invoice factoring is a solution for companies that don’t have a large cash cushion in the bank. This problem isn’t felt with many large companies, who are able to generate interest from their income.
But, small businesses often can’t afford to float their income. Even growing businesses often find themselves in a cash bind when they need money to expand and get new contracts.
Large retailers have used invoice factoring for years. Now, many small and mid-sized businesses have discovered that it’s a viable form of capital.
The Benefits Of Invoice Factoring
Invoice factoring alleviates the problem of waiting for the check to arrive in the mail. Instead of waiting weeks and months, account receivable financing makes funds available almost immediately in a matter of just a few days.
For most small businesses, this frees up capital for expansion, payroll, taxes or many other uses. It eliminates the cash crunch that many small businesses feel.
Flexible Financing That You Can Use
As long as your business invoices customers, you qualify. It’s flexible financing that you can use when you wish. There are no requirements to factor an invoice. This type of factoring works the more successful you are. The more business you do, the more invoices you have.
Invoice factoring isn’t about debt. Factoring companies charge a small fee for their services, but it’s nothing like a loan. The process is simple because all you do is invoice the customer, send an invoice to the factoring company and you’re done.