Startup and small business owners may not always be able to access the cash they need. There are many options for improved cash flow, and Factoring resources are one popular choice. Here are some reasons why business owners should consider receivables factoring as a funding option.
One of the primary benefits of invoice factoring is that it’s simple and quick to get started. Most businesses are eligible, and the whole process can be set up in a day or less. If a business owner needs immediate cash and can’t wait for a loan, or if there are credit issues, factoring is a great option.
It Doesn’t Accrue Additional Debt
Traditional loans have benefits and risks that the business owner must consider before proceeding. A primary consideration is the increased debt load the company will experience. One of the biggest benefits of working with a factor is that it …