When you’re starting a business, there are a lot of important decisions to make. One of those decisions is how to finance your new venture. There are a number of different options available, and one of the most popular is business factoring.
Business factoring is a process where a business sells its accounts receivable (in other words, the money it’s owed by customers) to a third party for cash. This can be a great option for businesses that need capital quickly or don’t have the credit history to get a loan from a bank.
Continue reading “Should Your Business Apply for Factoring?”