3 Invoice Financing Mistakes You Should Avoid As a Small Business Owners
As you know, invoice financing is the most sought-after funding option to solve your businessu2019 various cash flow issues. With invoice financing, you sell your unpaid invoices to a lender or invoice financing company for an amount up to 80%-90% of the value of the invoices. So instead of waiting for 60 or 90 days to get paid, invoice financing allows you to secure working capital immediately. You can use the borrowed amount for a variety of purposes in your small business, from hiring talent, making payroll, buying inventory, and many other short-term expenses, allowing you to keep your company afloat when having insufficient cash. If youu2019re planning to obtain invoice financing for the very first time, here are the 3 common invoice financing mistakes you must avoid. Not Reading Invoice Financing Contract Carefully Not Giving All Supporting Documentation Confusing Invoice Factoring and Invoice Financing Source: https://www.smansha.com/funding/ar-financing
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