Small businesses account for 99.7% of all companies in the U.S. Most of them have a very high chance of dying off within the first 5 years. One of the most significant contributors to this failure is access to capital. Bad debts and cash crunches squeeze the life of small companies in need of ready…
Category: Why get an invoice advance loan
How to Use Factoring for Cash Flow
Companies that face a cash-flow challenge in addition to having slow-paying customers can sell their account receivables or invoices to invoice funding companies also known as factors. Invoice factoring services are increasingly becoming popular since the factor can advance amounts of up to 90% based on the creditworthiness of the customer who was billed. When…
