How to Extend Credit to Customers the Smart Way

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How to Extend Credit to Customers

One decision every business has to make is whether or not to extend credit to customers. Providing customers with credit allows them to obtain goods and services now while paying for them later. At the same time, you have to be careful to do this in a way that’s responsible and doesn’t harm your cash flow. Let’s look at how to extend credit in a way that’s beneficial to both businesses and their customers. Read more

What Do You Need to Qualify for Invoice Factoring?

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Qualifying for Invoice Factoring If you’re researching types of financing, you may be interested in learning more about invoice factoring. Invoice factoring, sometimes referred to as invoice financing, isn’t a traditional loan. Rather, it’s a process in which the factoring company purchases your invoices so you can get immediate cash for them. Invoice factoring can improve your cash flow without incurring any new debt. Compared to other types of financing such as bank loans, invoice factoring is actually simple to apply for. You do, however, need to meet certain requirements. The following are the main invoice factoring requirements for getting started. Read more