![]() ![]() Loss of Control – Handing over responsibility to a third party for accounts receivable means you will have to give up an element of control. ![]() May reduce the scope for additional borrowing.The costs are higher than a bank loan, so this type of finance works best for businesses with a high-profit margin that can absorb the costs.It could affect customer relationships since you must let your customers know a third party is involved with collecting your invoices.Invoice financing can provide better cash-flow control where there may be different credit terms across your clients and customers.As experienced debt collectors, factoring companies’ professional and ‘gentle reminders’ can improve your customers’ and clients’ payment times on a long-term basis.Factoring is less expensive than turning to equity investors. ![]()
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