Small Business Invoice Factoring is a financial transaction where businesses sell their unpaid invoices to a specialist factoring company in exchange for an immediate cash injection. This process helps businesses to unlock cash flow quickly, enabling them to pay wages, purchase stock and make investments. A key benefit of Invoice Factoring is that businesses no longer need to worry about chasing slow-paying customers or managing debtors – the factoring company will take care of that instead. With Invoice Factoring, small businesses can feel confident that they are managing their finances effectively and accelerating their growth.
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