Purchase order is an easily accessible funding alternative for businesses that need to buy products and have limited working capital. Find out more.
Invoice financing has proven to be a solution for businesses to help them with their cash flow problem. But every business owner must be careful in choosing an invoice service provider.
Have you ever tried to secure funding for your business? What was your experience? Okay, I'm glad you know all too well the challenges of securing funding for your business in Nigeria.
Invoice financing is a financing option that has gained popularity in recent years, especially among small business owners.
Invoice financing operates similarly to a traditional secured loan, as it has set payment terms (short-term) and accumulating interest charges on outstanding balances, but it uses one or multiple invoices as security for the loan.
Running a business comes with different kinds of challenges. One of the challenges many SMEs face today is the delay in customer invoice payment, which affects cash flow.
The cost of running the business will not be a problem as the capital to do this will be readily available.