Fast Working Capital Sources
Working capital of a business is the capital of a business used in running daily operations. The money for the daily operation can exceed what business owner has planned. Waiting for a loan from the bank can take longer to be processed. The business owner has to seek other alternatives to get loans to continue with their day to day activities.
Cash flow is often a problem even in profitable companies with enough assets. The business owner has to cash fast from unpaid invoices and inventories. Without enough working capital the company will not be able to meet the daily needs of the company.
The fast working capital sources enable the business to operate normally and smoothly. One of fast working capital source is factoring. This is where the buyer of the invoice advances money to the company before the invoices have been reviewed. The buyer …