Cash is your company’s lifeline. As the company turns its capital/cash into goods, stock, work in progress etc., it also has a monthly commitment such as salaries, rental, electricity, phone bills, water bills and various authority fees whilst waiting for customer to pay.
Factoring/Invoice financing is a solution for the ‘opportunity loss’ when cash shortage occurs simultaneously with new business opportunity. Time is Money and one should not seat around waiting for customer to pay in order to do the next job. If one does this, the economy will generate less GDP and less wealth created.
As the business expands, it needs more factoring facilities (cash) because the cash it collects from customers is being put back to “work” in order to make more profit so that the capital get stronger by using the factoring facilities, the company’s capital growth from strength to strength .
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