It can be a quick way to get financing, but it could lead to cash flow issues if used regularly If your small business needs funding, invoice factoring can help improve your cash flow. For a fee, ...
While factoring costs more than a bank loan, says Kristin Erickson of North Mill Capital LLC, “our clients are ‘unbankable.’ They borrow from us in hopes of becoming bankable.” (Staff photo: Bill ...
Companies facing a cash-flow squeeze and slow-paying customers often sell their invoices or accounts receivable to specialized companies called factors. The factor advances most of the invoice amount ...
Thousands of years ago, when Rome was at the zenith of its power, small businesses had the opportunity to sell their goods — organic beef, craft beer, hand-stitched clothing — to the affluent and ...
It’s been a well-known fact for some time now, that African American business owners have a more difficult time accessing capital, compared to their white counterparts. The Washington Bureau of the ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The notion of factoring has been around for centuries ...