Working Capital/Invoice Factoring

Working capital is for when your business has unpaid customer invoices that you can’t wait to be paid. You can use invoices to get cash now. Best for businesses with unpaid invoices that need fast funding, which is easier to get approved for compared to other similar options.

Pros:

• Fast Cash
• Fairly simple and easy approval

Cons:

• The cost of borrowing may be high

Best for:

• Businesses with invoices that need cash right away
• Invoices with 30-, 60-, or 90-day payment terms are best