Benefits of Factoring
·
Doesn't create debt on your balance sheet
·
Increases purchasing power, enabling you to
do more business
·
Eliminates the need for bank loans or SBA
loans and reduces paperwork
·
Improves your credit rating and gives you
cash to meet obligations
·
Eliminates using equipment, real estate or
inventory for collateral
·
Saves on in-house staff costs
·
Presents a professional image to clients.
·
Can stop factoring at any time without
incurring termination penalties.
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