How Invoice Factoring Can Help You Steady Your Cash Flow

Among the most unpleasant challenges to owning and running a business is maintaining the cash flow you require to keep things running as usual, on a daily basis.

Companies facing cash-flow squeeze and slow-paying customers often result to selling their invoices or accounts receivable to deal with their business’s immediate money requirements. Tackling cash-flow challenges in this way is called factoring, and companies that specialize in the buying of invoices from small businesses are called factors.

Using factoring for your business has the advantage that you get money quickly, rather than having to wait for a slow customer to remit …