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Working Capital / Invoice Factoring
Provides working capital when your business has unpaid customer invoices that can’t wait to be paid. You can use invoices to get cash immediately. Best for businesses with unpaid invoices that need fast funding and is easier to get approved for, compared to other similar options.
Pros:
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Fast Cash
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Fairly simple and easy approval
Cons:
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Cost of borrowing may be high
Best for:
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Business with invoice that need cash right away
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Invoice with 30, 60 or 90 day payment terms are best
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