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WORKING CAPITAL / INVOICE FACTORING
Working capital is the money available to meet your current, short-term obligations. It is used when a business has outstanding customer invoices that are waiting to be paid. You can now use bills to get cash. Perfect for businesses with outstanding invoices that need quick funding, easier to approve compared to other similar options.
Pros:
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Fast Cash
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Fairly simple and easy approval
Cons:
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Cost of borrowing may be high
Best for:
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Businesses with invoice that need cash right away
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Invoice with 30,60 or 90 day payment terms are best

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