Small businesses in the Boise area find invoice factoring a valuable financial tool to improve cash flow. Accounts receivable factoring improves your cash flow without incurring debt. Upon delivering your product or service, your business sells its invoices to a factoring company. The Idaho factoring company immediately sends you cash. You don't have to wait 30 or more days to collect receivables. The factoring company collects the receivables and handles the accounting.
Benefits of invoice factoring include
- Professional accounts receivable management.
- Don't have to wait months for approval.
- Initial funding within 3 to 5 business days.
- Immediate cash flow without going into debt.
Not only does invoice factoring solve cash flow issues, but it also reduces your overhead costs. You no longer have to pay in-house personnel for accounts receivables management and collections.