Posted by NCF On June 29,2016
Every business that wants lots of working capital, so that bills get paid and the company can grow, should try Invoice Factoring
. Factoring is simple: A factoring company funds the cash payment based on the amount written on the invoice, then collects the payment from the customer. The final step is releasing the reserve balance minus the factoring fee. The process is easy, but how does invoice factoring help a company? What benefits does it provide?
Fast Access To Cash
Once the invoices are approved, you get the cash typically within the same day. This happens after the initial setup process that takes a few days, depending on how fast you gather the required documentation, but it’s still very fast compared to bank business loans that can take you months!
Debt-Less Cash Flow
This process is not