What Businesses Benefit from Invoice Factoring?
Posted on December 11, 2017 in Invoice Factoring
If your business is growing and it's billing on credit terms eventually you're going to be running out of money. You're going to need to continue to pay operations, fixed expenses, payroll, suppliers and you're going to be billing on credit terms and all you have at the end is a bunch of invoices that need to be paid and you have no money in your checking account to pay your suppliers, payroll or anything. So at that point that's when these businesses come to 1st Commercial Credit. We initially fund all the receivables for just about all of receivables they have on hand. Then they start submitting invoices on an ongoing basis to continue their cash flow needs.