8 Great Reasons to Sell Your Accounts Receivable (Invoice Factoring)
We have discussed invoice factoring from several angles on this blog. We have explained the basics of invoice factoring and how it can help businesses grow, talked about the benefits of factoring for improving business cash flow, and outlined the history of invoice factoring and its growth in the 21st century. Recently, we even offered up 6 reasons to choose invoice factoring over a traditional bank loan. Well, sometimes infographics can be incredibly helpful to understanding, so click here to see one from CBAC that offers eight great reasons to sell your accounts receivable (invoice factoring).
The eight great reasons in a nutshell:
- Invoice factoring allows you to get cash quickly, resulting in immediate cash flow.
- Your business will not incur debt that must be repaid.
- With sufficient cash flow via invoice factoring, your business will be able to grow faster.
- You will save lots of time not having to track down late payments from clients.
- You will save money because you won’t need an in-house accounts receivable person.
- Invoice factoring will allow you to pay bills on time, strengthening your reputation.
- Invoice factoring protects you from bad debt.
- Invoice factoring allows you to maintain strong customer relationships.
Click here to see the full infographic from CBAC and visual.ly.
For more info about invoice factoring, see our blog posts:
- What Is Invoice Factoring? (And How Factoring Can Help Your Business Grow)
- 5 Reasons to Use Invoice Factoring to Supercharge Your Business Cash Flow
- The History of Invoice Factoring (And Factoring’s Growth in the 21st Century)
- Invoice Factoring vs. Bank Loans: 6 Reasons to Choose Factoring for Your Business
American Commercial Capital, LLC, has provided invoice-factoring services to Houston-area small businesses since 2003. We also provide factoring services to businesses in San Antonio, Dallas, Austin, Fort Worth, and other nearby cities in Texas.
If you want to learn more about how invoice factoring can help your business, give us a call at 713-227-3863, contact us here, or fill out our form for a free, no-obligation quote.
READ MORE FROM AMERICAN COMMERCIAL CAPITAL
Business Video Roundup: Customer Experience, Mentorship & Marketing with Humor
Image: vanenunes / Envato Elements
In this week’s business video roundup, Popmenu CEO Brendan Sweeney talks about creating a positive customer experience in the restaurant industry, award-winning creative director David Stevanov explains how to use humor to deliver a serious message, and Patrick Bet-David reveals how to find the best mentors. Plus, Marie Forleo offers up a movie-length how-to on understanding and managing anxiety, while CNBC presents an exclusive…
Business Video Roundup: Tell a Great Story, Sell Your Business for $1 Billion & More
Image: bernardbodo / Envato Elements
In this week’s roundup of great videos for entrepreneurs and business owners, award-winning creative director Josh DiMarcantonio talks about how he helped launch one of Taco Bell’s most successful advertising campaigns with the power of good storytelling, Waze cofounder Uri Levine shares his successes and failures on the way to selling his business to Google for $1 billion, and Hunt & Fish Club owner…
Business Video Roundup: Restaurant Marketing, Gaining Customer Data & More
Image: macniak / Envato Elements
In this week’s business video roundup, Harry’s CEO Andy Katz-Mayfield talks about how his men’s shaving-products company managed to navigate setbacks during the pandemic, America’s Best Restaurants CEO Matt Plapp discusses why point of sales are a key way to gain important customer data, and Carats & Cake founder Jess Conroy reveals how she broke into the wedding industry and continues to grow her…
