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A Better Alternative To Business Cash Advances

Posted by Chris on Jan 5, 2016 in Non-Recourse Accounts Receivable Factoring | 1 comment |

A Better Alternative To Business Cash Advances

Small businesses with bad credit that cannot obtain a bank loan often seek cash advances to achieve additional cash flow. Advances in factoring are against future product sales. Repayment begins immediately, as the cash advance provider either takes a portion of your ongoing sales or debits your bank account every business day. Further, the interest charges on business cash advances can be significant – upwards of 60% or more at an annual rate. The structure of cash advances shows that these are a very short-term solution to cash-flow...

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