Factoring Accounts Receivables VS PO Financing
Financial growth through alternative business financing for Accounts Receivables. The beauty about factoring accounts receivables VS PO financing is that it allows you to acquire the necessary funding needed to cover necessary operational expenses and frees cash flow for other business needs.
The first option to consider is factoring (or accounts receivable factoring), a transaction where a third party (the factor) purchases the accounts receivable or invoices from a business in need of the funds. The benefit to the company is that the money is more readily available to you within approximately 3 business days ONCE APPROVED with An approval rate of about 75 to 80 percent of the funds expected per accounts receivable invoice, other factors may apply such as, the credit history of your customers, not yours because they are purchasing unpaid invoices. The beauty about this type of financing is that it is available to businesses of any size.