Invoice factoring is not the right solution for everyone. BUT, if you are a small to mid-sized business facing an accumulation of various expenses and suffer from slow cash flow in the 30-60 day range, invoice factoring could offer many benefits to your business. Some businesses wait up to 75 days to have their invoices paid, and delays in cash flow can generate serious revenue issues. Even with excellent credit, your business might suffer from gaps in payment. Considering some of the many benefits of invoice factoring:
- Instant cash flow
- Opportunity to invest in business growth
- Save money on interest payments and pay off expenses like payroll, supply, and taxes
- Save time on pursuing hard-to-collect account
- Very quick and easy to set up
