One of the biggest challenges facing a majority of the 28 million-plus small businesses in the country today is cash flow. This challenge is compounded by the fact that many banks are afraid of giving mainstream loans to finance their operations. This is mostly due to lack of well-kept records and collateral. It should, however,…
Category: Invoice factoring services
Factoring For Faster Payments
Businesses both big and small need revenue to pay all sorts of things, from employee wages and salaries to paying back loans to fuel, energy, and other resources needed to keep the business going. Sending invoices is the standard way to collect payments from customers, but often, these payments may be 30 to 60 days…
