Using factoring to finance your business has a number of benefits. Here are just a few:
- Factoring invoices gives you predictable cash flow. It eliminates the uncertainty of when you’ll get paid by your customers and eliminates the need for cash discounts.
- Invoice factoring lines are tied to your sales. Your financing line grows as your sales and your company grow.
- Factoring is easy to obtain and can be set up in days.
- Factoring invoices is ideal for established companies or startups.