Invoice Financing vs. Invoice Factoring

Both invoice discounting and invoice factoring are means for a business to use money owed to them to get working capital now. Table of Contents: Side by Side Comparison:Main DifferencesWhy Choose One Over the Other?What to Consider Side by Side Comparison: Invoice financing is commonly used to refer to invoice discounting, which is a loan or line of credit which uses money owed to the borrower as collateral.Invoice factoring is a means of alternative financing in…

Continue Reading

How to Get a Loan to Buy a New Business

To get a loan to buy a business, an individual must first select what business to buy. Then they must pick the type of financing which best suits their needs and means. It’s important to investigate the history of the business and get a projection of future profits and consider those numbers concerning the cost of the business. The borrower typically needs a credit score of at least 650 to qualify for a…

Continue Reading
Close Menu