Month: August 2023

Business

Reasons Businesses Use Factoring

Many businesses find it challenging to maintain the proper cash flow because of slow-paying customers and to wait 30 to 90 days for customer payments. However, there is an option for financing their bills and other obligations known as factoring.  Invoice factoring involves a financial institution offering enterprises cash for their business operations against their account receivables. It is advantageous for […]

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