How to piggyback on a factoring company’s line of credit

Have you ever heard of the saying “You need other people’s money to make money”?
Your business can now do the same by leveraging the creditworthy accounts you sell to on credit terms to access money using a service from a factoring company.
How can invoice factoring help your business?
One main problem for small businesses to access more capital is lack of collateral. A small company that offers credit terms to customers can find itself owning invoice paper collateral and no cash in the…

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