Archive for the ‘Invoice Factoring’ Category

What is Invoice Factoring and How is it Used?

What is Invoice Factoring and How is it Used?

Invoice factoring or invoice finance, as it is also referred, is how a businesses can generate cash quickly by using it’s to-be-paid invoices as collateral, the finance company will make a small charge for the privilege and your business can concentrate on growing rather than waiting for customers to pay. Imagine the following scenario; You run a small business. You provide your customers with services or goods. In order to get paid, you raise invoices for those services or goods. And then you wait. While you’re waiting, new business opportunities are missed and chances for expansion slip by. When your …