Purchase Order Funding vs Invoice Factoring
For many business owners, cash flow can be a routine problem. It is no secret that businesses need cash in order to pay employees, buy supplies, and pay for shipping orders. So, where can a company get the funds it needs? Some have tried to turn to what is known as purchase order funding instead of using invoice factoring. This is not always the best solution. Here is why. To begin, we must first understand that these are not the same. What is Invoice Factoring? Invoice factoring can be used by virtually any company that normally bills its...
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