1. Sell your invoices
- Author
-
Belford, Terrence
- Subjects
Small business -- Finance ,Small business lending companies -- Finance ,Invoices -- Economic aspects ,Financial services industry -- Finance ,Loan servicing -- Methods ,Short-term financing -- Methods ,Banking, finance and accounting industries ,Business - Abstract
Invoice discounting is emerging as a viable means of obtaining critical short-term financing when banks refuse to provide such loans. A growing number of companies have discovered a lucrative niche in funding small businesses by purchasing their outstanding invoices at a discount. Invoice discounters are not factors and typically service small and medium-sized firms in high growth situations that banks and other financial institutions will not provide with short term financing.
- Published
- 1999