What is invoice discounting and how does it work?
Cash flow is essential to the success of your business, but what happens when your customers start dragging their feet when it comes to payment?
Invoice Factoring Explained
Invoice financing, also referred to as invoice factoring, is a type of debt financing that allows businesses to borrow money against their outstanding invoices. This can be a useful option for businesses who are looking for quick and easy access to capital, as it does not require the same level of paperwork and due diligence as traditional loans.
What is Invoice Finance?
Invoice finance is a form of financing that provides cash upfront to businesses that sell goods and services on credit. Invoice finance can be used as a standalone form of financing or in conjunction with other forms of financing, such as term loans.