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WHAT ARE THE PROS AND CONS OF INVOICE FACTORING

Small businesses have potentially several viable choices of lending to grow their business. Whether it's through a regular bank or an alternative lender, it's important to look into all possibilities before choosing which is best for your business model and future growth. The crucial component of success is determining where and how you intend to obtain the required funding. Many businesses are turning to invoice factoring as their main source of company funding. Invoicing factoring is the process of selling your accounts receivables/ book debts to an alternative lender. Rather than maintaining them in your company's bank account or on…