With banks denying credit for most small businesses, companies are increasingly turning to invoice factoring for operating cash and expansion.
Factoring is increasingly popular: It is a form of commercial financing that uses a company’s oustanding, discounted invoices as collateral. So, instead of getting paid in 30, 60 or 90 days, the company gets cash in just a few days by offering discounted invoices to a factoring company.
With banks denying credit for most small businesses, companies are increasingly turning to invoice factoring for operating cash and expansion.
Factoring is increasingly popular: It is a form of commercial financing that uses a company’s oustanding, discounted invoices as collateral. So, instead of getting paid in 30, 60 or 90 days, the company gets cash in just a few days by offering discounted invoices to a factoring company.
With banks denying credit for most small businesses, companies are increasingly turning to invoice factoring for operating cash and expansion.
Factoring is increasingly popular: It is a form of commercial financing that uses a company’s oustanding, discounted invoices as collateral. So, instead of getting paid in 30, 60 or 90 days, the company gets cash in just a few days by offering discounted invoices to a factoring company.
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