Invoice factoring is the very poplar financing service now as it could help the company to cash in advance to deal with its daily operation cost.
In normal case of invoice factoring, the company could get the upfront cash base on the percentage that it’s agreed with the factoring companies.
Some of the factoring company could offer up to 90% per cent of its client turnovers. Let say if your company turn over have $800,000, you will get $720,000.
That means you are not requiring obtaining the loan or overdraft from the bank or seeking to new investors. This money might help you a lot to deal with your suppliers.
The above is not only the benefit, but most of the factoring company might help to manage your sale ledgers so that you are not to worry about how to control it.
Invoice factoring now is another kind of financial service which is very poplars. The requirement for invoice factoring might be not much as the bank.
If you just have enough annual turnover, and stable stales, you are eligible to get more cash for your business grows.