FACTORING: HOW IT FUELS THE GROWTH OF YOUR BUSINESS

Factoring: How It Fuels the Growth of Your Business Every business requíres regular cash flow for its growth. It needs funds to purchase raw materials, to make new sales and to pay the employées. loans may be unavailable or difficult to obtain due to credit issues, many businesses are considering factoring. Factoring is a profitable wav to positive ettects on your business. It helps your business in uncertain financial conditions and provides a feasible ontion to avnand 10 Ways Factoring Can Help Your Business # 1 Fast and Easy Access to Cash You will receive cash in hand in a very less amount of time. It is a fast way to raise money for your business. #2 Regulates Cash Flow Without Loans It ensures regular cash flow without being dependent on expensive loans. There is no monthly payment for loans. # 3 Offers Flexibility It offers flexibility in choosing the frequency and the invoices you want to factor. Your funds increase with the increase in sales. # 4 Maximizes Cash Flow The more invoices you can generate, the more money you receive. It provides you the cash that you need to expand your business. #5 Helps in Collection Process Factoring helps in shortening the collection process. The factoring company will negotiate with the customers who have failed to pay their invoices. #6 Utilize Funds at Your Discretion You can utilize the funds according to your business needs. You can use them to pay your bills, manage your payroll and clear all your debts with the vendors. #7 Positive Balance Sheet Factoring helps in maintaining a positive balance sheet. It is not considered a liability as it is not a loan. 6,323 2.494 200 # 8 Strong Financial History Not Required You don't require good credit or a strong financial history in order to qualify for factoring. It depends on the strength of the customers paying the invoices instead of good credit report. # 9 Provides Security and Credit Terms Factoring helps in safeguarding your cash flow by providing credit protection against debtor insolvency threat or defaults. It helps in increasing your sales by offering credit terms to new or existing customers. #10 Many Businesses are Using Factoring Factoring is easily accessible to businesses. Many businesses are using this option as it does not increase debt and provides cash to meet day-to-day expenses. Sources: https://www.myfactoringnetwork.com/blog/5-profitable-ways-factoring-can-help-your-business-grow/ https://www.myfactoringnetwork.com/blog/factoring-lucrative-way-regulate-business-cash-flow/ Presented By: MY FACTORING NETWORK Unlock Your Cash Flow https://www.myfactoringnetwork.com/ Contact us at (800) 220-0468 Follow us on Facebook Follow us on Twitter Follow us on G+ Subscribe Our Blog g' powered by Piktochart I I make information beautiful %24 %24