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Why Use Factoring? |
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- To meet payroll and other immediate cash flow requirements.
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- To spend more time on business operations and less time on reporting requirements.
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- To obtain customer credit risk protection.
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- To buy inventory for increased sales.
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- To have an alternative to bank financing or equity financing.
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- To supplement or reduce the amount of equity being raised.
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- To take advantage of vendor discounts and opportunistic purchases.
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- To acquire equipment necessary to reduce costs.
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- To reorganize, whether in or out of bankruptcy.
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- To make strategic acquisitions.
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