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While a great vision and business plan are crucial, obtaining sufficient funding is one of the most important elements a startup needs to succeed.

Imagine a scenario in which all of your customers paid their invoices on time. Your cash flow forecast would be 100 percent accurate year round, you could make key business decisions with confidence and your bills would always be paid on time.

For many years, businesses have been utilizing invoice factoring to secure an immediate solution to their cash flow needs. Through this financing tool, businesses can quickly sell their unpaid invoices and receive an advance of capital.

If you are a small business owner overwhelmed with a growing stack of outstanding accounts receivable, you are not alone. According to a report by New Sage, 13% of small and medium-sized business’ invoices are paid late.

The relationship between manufacturing companies and their customers is being revolutionized by various marketing and customer experience trends. Gone are the days when word-of-mouth marketing practices and a firm handshake were enough to win new customers and seal the deal.

In a capital-intensive industry like manufacturing, planning is everything.

 
As a small business owner, you understand just how important it is to stay on top of cash flow and what a challenge that task can be. Without sufficient cash flow, it will be difficult to meet payroll, operate smoothly and meet your financial obligations.

When the Paycheck Protection Program (PPP) was announced, small business owners scrambled to research it and find out if the funds could help them navigate the impacts of the COVID-19 pandemic.

More and more companies and startups are discovering the advantages of invoice factoring. Factoring invoices allows businesses to sell their unpaid invoices to a factoring company at a discount in order to generate cash quickly.

If you are just starting a company, you have probably heard the many facts and figures on how many small businesses fail within the first few years. Of course, this does not mean you and your team will not be successful.