Factoring and Invoice Discounting
What is factoring and invoice discounting - and how do they work for business? Is4profit takes a look
Factoring allows you to raise finance based on the value of your outstanding invoices. Growing businesses, in particular, often find that factoring is a more flexible source of working capital than overdrafts or loans.
Factoring also gives you the opportunity to outsource your sales ledger operations and to use more sophisticated credit-rating systems.
This guide to invoice finance outlines:
- How factoring and invoice discounting work.
- Whether factoring is suitable for your business.
- How to choose a factor.
