There are times in the life of your business when mainstream finance options like loans and credits will be inadequate for your needs or beyond your reach. One option that may be available to you at a time like this is to consider accounts receivable financing as an alternative way of getting the cash that you need to run your business.

What, you may ask, is accounts receivable financing? Sometimes referred to as factoring, accounts receivable financing may be simply defined as a process whereby you sell the outstanding invoices for products or services already delivered by your business (otherwise known as receivables) to a financial institution (bank, finance house, etc.) at a price that is lower than the value of the invoices.

Click on the link to read the full article https://smefinance.org/how-to-turn-your-slow-invoices-to-cash/