In today’s blog post, we take a closer look at the ways factoring can help companies in the service industry. Keep reading to learn more! What Is the Service Industry? The term “service industry” refers to companies not involved in manufacturing whose business model is based on activities such as customer service, management, or consulting.…
No doubt, getting cash is one of the most significant challenges that new businesses face. If you are dealing with this problem and have been wondering whether using Invoice Factoring for new businesses is a good idea, we have some answers for you. With Factoring You Don’t Need an Extensive Credit History The lack of…
You probably have heard about Factoring and its benefits. But how does Factoring work? Keep reading to learn more about this convenient financing alternative that gives your business the edge it needs to stay ahead of the competition. How Does Factoring Work? Simply put, Factoring helps you unlock the cash tied up in your unpaid…
Factoring of Accounts Receivable is a financing option that gives your business the flexibility you need to reach your goals without the hurdles of other alternatives, such as bank loans. If you are considering Factoring for your organization, here are four tips you should keep in mind to make the most of it. 1. Make…
