Here’s how to qualify your business for invoice factoring. Invoice factoring involves a business selling its credit-worthy outstanding invoices to a factoring company at a discounted rate. The invoice factoring company can offer up to 90% of the amount of the invoices. This is an excellent source of credit for businesses that need it immediately […]
Factoring vs Collections for unpaid invoices
4 years ago
Factoring companies and collection agencies help businesses get paid on their unpaid invoices for services rendered. As much as they seem similar, they differ in their processes to a great extent. It is important for a business owner to understand the difference between factoring and collections to minimize the risks of non-payments in the future […]