Invoice factoring – or receivables financing – gives organizations that invoice business customers for payment access to the money tied up in customer invoices without waiting for customers to pay. Organizations in many different types of industries use factoring to expedite cash flow, so they can grow more quickly.
Business Cash Advance or Line of Credit
Nearly any type of organization can use a merchant or business cash advance, or a business line of credit, to gain access to working capital needed to resolve temporary cash flow challenges or invest in activities that can help them grow more quickly. There are many different industries where these types of financing can be ideal for growing a business.