Having a steady flow of cash is vital for any business. It’s the lifeblood that facilitates continuous operation and growth. However, there can be circumstances when cash flow might be stuck, such as when customers fail to pay their invoices.
This guide will help you understand the basics of invoice factoring, how it differs from traditional loans, and how to use it in your business. We’ll also delve into the potential advantages and pitfalls of this financial strategy.