Create your free account now! Sign up

Factoring

I saw a post from someone who was "struggling" and looking to factor their invoice. If I might offer some advice....
Make sure you understand the real reason for the struggle. Also it is imperative you know your true margin at the very bottom of the spreadsheet. Factoring companies take their cut from the top. It has a larger percentage impact on the bottom and in many cases will destroy your ability to operate at a proffit. These folks are legal loan sharks and once you start the process it is very hard to break the cycle. If your invoice goes past due from your client it just gets worse. Consider very carefully before you jump.Just my opinion. Good luck.
This is CABL.com posting #87409. Tiny Link: cabl.co/mwTZ
There are 0 replies to this message