Invoice
Financing
Invoice financing (also known as invoice factoring) allows businesses to borrow funds that directly correlate to the amount on customer invoices. With invoice financing, businesses receive an immediate payment helping to improve cash flow, pay employees, and/or reinvest in the business all while waiting on outstanding customer invoices.
Invoice financing is a great solution for businesses who frequently have a long time pass from when they complete a job or service to the time they receive payment of an invoice.
How it Works
Invoice financing is a form of short-term borrowing based on your business's long-term unpaid invoices. Through invoice factoring, Berkman 'purchases' your business's accounts receivable to improve your working capital. These funds are immediate and can be used to pay for a variety of company expenses. Invoice financing:
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uses unpaid invoices as collateral for financing
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can be used to increase cash flow, and speed up expansion and/or investment plans.
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