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Invoice Finance: What is Best, Factoring or Discounting?

invoice photoOver the last few years it has become increasingly more difficult for SME’s to obtain traditional funding from banks, either via overdraft facilities or business loans. Invoice factoring or invoice discounting can be perfect alternatives to traditional lending, providing solutions to your cash flow problems as a business.

There are two main types of invoice based asset finance and it is important to consider which is best for you.

Invoice Finance: What is Best, Factoring or Discounting? (Small Biz Daily)

Do you have the support you need to manage your small business bookkeeping? Schedule a 30-minute appointment to speak with a local small business adviser.

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