Date Added: Jan 2010
All companies need money to operate. Without adequate capital, it is impossible for a business to keep its doors open. Companies generally depend on a mixture of revenue and debt in order to pay their bills and fund expansion. Bank loans are the most common source of debt of businesses. However, they can be difficult to obtain, especially today when banks are less apt to loan out money. An alternative to this is invoice factoring. This type of financing is available to businesses in a variety of industries. Consulting firms are one type of businesses which could benefit greatly from factoring invoices.