Factoring is a quick and flexible form of financing which substantially improves your company's cash flow without creating debt. Many companies get into a cash bind by extending credit to their customers for 30, 60, or 90+ days while having to immediately fund certain costs, particularly payroll. This problem only gets worse as sales grow. With factoring, your invoices are used as collateral for a short term financial solution which provides you immediate cash with which to meet these expenses.
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