6 Reasons Savvy Business Owners are Turning to Invoice Factoring
More and more small to medium size businesses are discovering invoice factoring and realizing the value it provides to their company. So why are these companies raving about this easy, cost-effective form of alternative financing, and how are they using it to help meet (and sometimes exceed) their business goals?
It’s simple. Rather than send your invoices to your customers who may take 30, 60 or even 90 days to pay, factoring companies buy your invoices from you for a nominal fee and you get paid fast-usually by the next day. The factoring company then forwards those invoices to your customer and professionally handles the collections. Companies who use invoice factoring rely on the professional collection services that are part of the process, allowing them to save money and focus on other parts of their business.
It’s smart. There are several reasons why smart companies choose factoring as a financial option for their business. Download our PDF and see six reasons why smart business owners are using invoice factoring to grow their business.