Benefits of Non-Recourse Invoice Factoring in the Textile Industries

Posted by on Aug 4, 2015 in Business Tools, Garment & Textile Factoring | 0 comments

Benefits of Non-Recourse Invoice Factoring in the Textile Industries

Companies in the textile, apparel and related industries typically find themselves in the position of requiring cash infusions to meet their working capital needs as they await payment from their customers. In recent years, invoice payments by customers have tended to be slower than in the past, putting added pressure on textile and apparel firms that must meet the costs of payroll, other operating expenses and inventory on a regular basis to maintain their operations. For many years, textile industry firms have turned to factors to help meet...

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