WORKING CAPITAL / INVOICE FACTORING
Working capital is for when your business has unpaid customer invoices that you can’t wait to be paid. You can use invoices to get cash now. Best for businesses with unpaid invoices that need fast funding, which is easier to get approved for compared to other similar options.
Fairly simple and easy approval
Cost of borrowing may be high
Businesses with invoice that need cash right away
Invoice with 30, 60 or 90 day payment terms are best