Invoice financing also known as accounts receivables financing allows companies to borrow money against their unpaid invoices. This financing method caters for immediate funds that allow companies to improve their working capital, pay employees, suppliers and other expenses on time rather than waiting until their customers paid their invoices in full. Companies (borrower) pay a percentage of the invoice amount to the lender as a fee for borrowing the money. Invoice financing is a better approach to manage company’s cashflow with customers being given a longer credit term as well as difficulties in obtaining other types of loan facilities.
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