When you’re running a small business, you depend on the timely payment of your invoices to sustain your cash flow. Factoring for small businesses is a useful option for companies experiencing temporary cash flow problems. These problems may arise when you have important expenses that you need to cover or vital capital expenditures that you […]
Invoice Factoring
Why banks should let go of non-performing assets
4 years ago
Non-performing assets (NPAs) are debt instruments on which borrowers have failed to make the agreed payments for an extended period. As a result of ongoing defaults, NPAs do not yield any income for the lender. Effects of non-performing assets NPAs do not yield any income. So, carrying them on your balance sheets creates three burdens […]
Choosing the right factoring company for your business
5 years ago
The right factoring company can help to get rid of the frustration that comes with client payments (or the lack thereof) at the end of each month. According to an economic report released by Sage, late payments cost small and medium enterprises an estimated $3 trillion globally per year. According to the report, approximately 13% of […]
The Pros and Cons of Invoice Factoring
5 years ago
Many businesses have started using invoice factoring to solve their short-term liquidity issues. Invoice factoring is a handy financial tool that helps keep businesses afloat during tough times. However, you fully understand how it works. Invoice factoring is a financial transaction in which a business sells its invoices at a discount to an external factoring […]