The X factor: what sets factoring apart from traditional bank loans? — The Small Business Site

The X factor: what sets factoring apart from traditional bank loans? — The Small Business Site

Article provided by Merchant Factors Factoring is a financing strategy adopted by businesses around the globe to unlock working capital. Many companies can’t afford to wait for 30, 60 or 90 days until their clients pay their invoices. They need the cash that’s owing to them to pay salaries, process the next round of orders, or capitalise on new opportunities before their competitors do. Sometimes referred to as “accounts receivable financing”, f…