As we settle into 2014, there are many reasons for small and medium size businesses to be optimistic. The economy is improving and unemployment is down, and while there are (and likely always will be) challenges, many businesses are experiencing growth. And you can too!
eCapital has recently published a resource highlighting the best business financial strategies. In it, we identify nine common cash strategies that many business use to boost working capital, as well as highlight invoice factoring and why it can be a good option for small to medium sized businesses.
We explain what invoice factoring is and how it works, and share some top reasons on why it may be a good strategy to consider, including:
- Access to quick cash
- No need for further debt
- Use the cash to generate more business
- Avoid late fees and interest charges
- Improve your company credit rating
- Outsource accounts receivable headaches
We also share some insider tips on what you should look for in an invoice factoring companyand answer common questions we often hear about factoring.
The eBook is packed valuable information and ways you can free cash flow for your business to take advantage of growth opportunities. The best part? It’s FREE. Download your free eBook by clicking here.
Here’s to a great start in 2014!