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Alternative funding sources for Business – Invoice Factoring

Alternative funding sources for Business – Invoice Factoring

Invoice factoring is a fast way to raise cash by ‘selling’ your invoices to a large factoring company for a fee and who then collect the debts from your customers. It’s different from invoice discounting since the whole credit control function is carried out by the factoring company.┬áIt is usually…

Why you may have cashflow problems

From time to time most businesses have cash flow problems. The trick to overcoming these is to understand your business and I mean really understand it. The key questions to ask when you have cashflow problems are: Are customers paying late? Are suppliers asking for payment earlier? Have you had…