WORKING CAPITAL / INVOICE FACTORING
A source of funding for your business having unpaid commercial customer invoices that you want to get paid on quickly, rather than waiting 30, 60, 90 days for the commercial client to pay. Business-to-Business (B2B) or Business-to-Government (B2G) receivables qualify. You can use invoices to get cash now. Best for businesses with accounts receivable invoices that they want to convert into immediate cash.
Pros:
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Get paid on your invoices immediately
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Simple and easy approval
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No credit qualifications
Cons:
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Generally longer term agreements required, but the benefits far outweigh the term commitment for most business owners
Best for:
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Business with B2B and/or B2G invoices that want immediate payment
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Invoices with 30,60 or 90 day payment terms are best