Factoring On Small Business
Factoring
is the process of selling credit worthy accounts receivable for
immediate cash. This cash flow tool has been around for over 100
years and has recently become a powerful way for small businesses to
prosper and compete with big businesses. As a small business grows,
it is often forced to offer flexible selling terms to its customers.
This puts a strain on cash flow and creates the need for new
financing options. By factoring invoices a business can offer
flexible terms with the confidence they will have cash for the sale
within one day.
