Historically factoring or invoice discounting had a poor reputation as a last resort finance, however more and more business owners are benefiting from a more positive experience.
The lifeblood of any business is cash. You need good cash flow to keep your business viable. In some ways it's more important than turning a profit because even profitable businesses can go under due to poor cash flow during the economic downturn. If cashflow is an issue for your business, factoring could provide a good solution. Factoring companies will advance you cash based on the value of your invoices, within a few days of you issuing the invoice.
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