Everyone obviously wants their business to thrive and grow. Yet sometimes, it is difficult to encourage business growth. This can come from economic trends, but it also depends on the business. For example, a company that has just started may have trouble getting the right financing. Factoring can be a solution for this.
Trouble growing your business in the early stages?
Have you just started a business or venture? If so, you may be struggling to grow your business. This is a common problem. This is because cash flow and liquidity are not yet optimal, which inhibits business growth. This is especially common among self-employed and freelancers because they rely heavily on their own money for funding. Banks are often not quick to finance these parties because there is no known data or there is not enough turnover.
Why factoring can be a godsend
But how can you still grow your business? Factoring can be a godsend in this regard. If you choose factoring, a factoring company will buy up your invoices. This means that your company’s liquidity and cash flow improve without running debtor risk. Factris pays the invoices directly and makes sure the debtors pay them. So you no longer have to perform debtor management either.
The advantages of factoring at Factris in a nutshell:
- No debtor risk
- Improved cash flow, liquidity, and solvency
- Invoices paid immediately
- Debtor management off your hands
Do you have any questions about factoring? Feel free to contact us; we will be happy to help.