I Don't Have the Cash to Run My Business: Invoice Factoring to the Rescue
Every day, businesses are turned down by the once trusted bank system that used to feed our young, growing companies. It seems that a business has to have a perfect scorecard to get the golden bank loan that was once in every business’s toolbox. Today, a business must have an A+ balance sheet and income statement. And if you’ve only been in business for a year, then forget that bank loan. What does a business do nowadays to fund the growth and expansion of a cash-hungry busin
The difference between purchase order financing and invoice factoring
Both purchase order (PO) financing and invoice factoring are designed to help businesses that have sales outpacing their incoming revenues. But they manage cash flow in two different ways. If you are a small business in need of financing to stabilize your cash flow, it's important to identify when to use invoice factoring and when to use purchase order financing. See Also The pros and cons of personal vs. business credit cards Affordable options for adding forms to your websi
