If you are a small business owner with a steady and moderate growing business, you are already way ahead of the game. Maybe you have just recently had the chance to expand or take on a new client that will completely change the game for you and propel you into the big leagues, but unfortunately, there are stipulations that you can’t meet. For instance, say that the new customer or the new expansion is going to eat up your profits for 3 months, leaving you hanging in the wind. How can you take advantage of this opportunity, while still being able to survive the next few months?…
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What is Invoice Factoring and How Does it Work?
If you have been searching for a quick and easy way to finance your business activities, invoice factoring may be the best solution. Invoice factoring (also known as debt factoring, accounts receivable financing, and under other names) is a quick and easy way to get the cash you need to keep your business afloat. This is especially true if you are facing serious liquidity issues.
What Is Invoice Factoring?
Invoice factoring is a kind of financing arrangement that is available to businesses that are able to provide certain goods or services to other businesses (in the form of a B2B arrangement) or to agencies of the government (B2G).…
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