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Invoice factoring is a financing tool that allows your business to use its outstanding invoices to generate cash quickly and avoid waiting up to 90-plus days for customer payments. Essentially, your business is selling its accounts receivable to a factoring company at a discount.

For many people, moving into a new year involves taking stock of where they have been, where they are going and, most importantly, what makes up the in-between. If you are one of the many interested in maximizing yourself and your business, the first place to start is your mindset.