IS FACTORING RIGHT FOR YOUR BUSINESS?
Generally speaking, invoice factoring facilities are best suited to companies that sell to other businesses on credit terms, and turnover more than $50,000 a year.
Invoice factoring can be used by any industry that sells products or services to another company, but in particular, industries that suffer cash flow problems due to the nature of their business.
Industries that experience high production costs, seasonal sales slow downs, slow paying clients, experience unexpected growth and other unpredictable costs affecting their day to day operational cash flow use factoring as a non debt solution to their cash flow problems.
These industries will include (but are not limited to) trucking companies, staffing agencies, manufacturing, construction and service industries.