This is a question asked by most business owners with growth potential that are considering factoring. So the real question is: Can you afford to stop taking on new business? Most successful entrepreneurs will look at the potential future sales opportunities that factoring can bring to the table.
For example, if all your customers paid in one day, how would your business change? Could you receive supplier discounts by paying vendors faster? Could you add additional sales by offering flexible payment terms? The bottom line is that every business is different, but in most cases factoring will improve cash flow, which typically helps all companies perform better.