with invoice financing you don't borrow any money or get a line of credit. Instead, you finance your invoices for instant cash flow. The organization financing your invoices pays you and takes on the risks associated with unpaid invoices. Because of this, you won't get the full invoice amount. Instead, you receive the invoice amount minus the financing costs. benefits include
- Available cash flow grow your business, buy equipment, do anything you have wanted to do to build a better business.
- Instant cash helps cut overhead.
- Pay vendors paying your vendor bills early or on time can lead to better relationships and potential discounts.
- Buy supplies, equipment and buildings some businesses find they can't stock up on supplies, which puts off finishing jobs for customers. With cash from your invoices, you can increase your supplies so you can meet more demand or keep up with demand.