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How do factoring companies work?
As a business owner, have you ever asked yourself, “how does factoring work?” We understand one of the biggest challenges of running a business is steady cash flow. This may put a spanner in the works when it comes to business operations and expansion. Charter Capital, the leading invoice factoring company, explains how factoring can help your business.
Common cash flow issues
One of the main cash flow issues that arise in a business is when clients do not process invoices in time. Instead of paying immediately, they may make their payments only after 45, 60 or 90 days, according to their extended payment schedule. This can hamper the business as there is no ready cash available for everyday operations.
What is factoring in business
Though you cannot force your clients to pay timeously, there is another avenue to explore if you need ready cash. This is known as invoice factoring. Providing these efficient business funding options, an invoice factoring company, such as Charter Capital, can give you immediate cash against your clients’ invoices and accounts receivables. This cash can be used for business operations such as employee salaries, rent and purchasing equipment. This also reduces the stress caused by unpaid invoices as your client is responsible for paying back the factoring company.
how does factoring work
For more information on what factoring is and how it works, contact Charter Capital, America’s leading factoring company.

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