Can A New Business Be Financed By Factoring Invoices?

During the initial stage of a business or when a business is at its startup level, the barriers to get loan from a bank are many. The reason for the same is; the most of the banks today do not consider approving the loan application to a new company as a business has to show its existence for 3 to 5 years minimum. At this condition, it becomes very difficult to new business to get finances to run their business operations smoothly and to deal with this condition, they look for other financing options available around and invoice factoring is taken as a good financing option by many new businesses today. [Read more…]