Boise, Idaho

Here are a few other terms related to invoice factoring that you should know.

• Freight Bill Factoring. Transportation or freight factoring allows trucking companies to collect payment on their freight invoices and boost cash flow.
• Business Financing. Invoice factoring is a type of business financing that’s an alternative to bank loans.
• Staffing or Payroll Funding. Factoring can help you meet your payroll obligations. You don’t have to worry about gaps in your ability to meet payroll while you wait for payment from customers.
• Accounts Receivable Finance. This is another type of financing that differs from invoice factoring in that you retain ownership of your invoices. You still collect payment immediately, but you’re using the invoices as collateral.
• Small Business Funding. Factoring is often more accessible and flexible for small businesses than traditional bank financing. Even newer businesses or those with less than perfect credit can be eligible for factoring. All you need to get started are verifiable accounts receivable.

Advantages of Invoice Factoring in Idaho

There are numerous benefits for using an Idaho invoice factoring company.

• Invest in your business. Invoice factoring helps your cash flow so you can make necessary investments such as inventory, staff, marketing or other areas.
• Eliminate bad debt. You can remove bad debt risk through customer credit guarantees with non-recourse factoring
• Reduce or eliminate collections. You can cut back on resources related to collections as the factoring company handles this for you.
• Get better terms from suppliers. Many suppliers offer cash discounts, letting you save money on expenses.
• Improve your credit. Invoice factoring doesn’t create any new debt for your business.