Posted by NCF On June 13,2016
often find themselves in a position where they need additional cash for their business. Many are turning to accounts receivable factoring
as an easier alternative to bank loans. Some of the hidden advantages of factoring include:
1. Staying Debt-Free
Many business owners who need cash are reluctant to go into debt to expand their business or to take on bigger contracts. Receivables factoring allows business owners to leverage their invoices without going into debt.
2. Keeping Company Equity Intact
One challenge companies often face when seeking new investors for much-needed cash is the demand for equity in their company. Companies who are not willing to give up equity in their company can use factoring to their advantage and get the cash they need without losing vit