Factoring, often referred to as invoice factoring, is a financial solution that allows businesses to address cash flow challenges by turning their outstanding invoices into immediate working capital.Rather than waiting for the payment terms to be met—which can often extend to 30, 60, or even 90 days—factoring provides an immediate cash advance, enabling businesses to maintain steady cash flow and meet their day-to-day financial needs.
Invoice Factoring provides quick access to cash, which is essential for businesses needing to cover operational expenses like payroll, rent, utilities, and inventory purchases. By removing the delay between invoicing and payment, companies can manage their cash flow more effectively.
The WGP Experience Advantage:
Same Day Funding
Unlike traditional loans, factoring isn’t a loan but rather a sale of receivables. Businesses aren’t required to make monthly repayments or incur debt on their balance sheets, making it a great option for companies that want financial flexibility without adding liabilities.
The WGP Experience Advantage:
No Contracts & No Hidden Fees
Factoring companies often provide credit checks on potential clients, helping businesses assess the reliability of new customers before entering into contracts with them. This added layer of risk management can prevent companies from engaging with clients who may have trouble paying on time.
The WGP Experience Advantage:
Credit Checks & Collection Calls
As a business grows and generates more invoices, its need for working capital increases. Factoring is highly scalable and can grow with the business. As long as there are invoices, there’s access to capital. This is particularly advantageous for rapidly growing companies that struggle to secure larger funding through conventional financing.
The WGP Experience Advantage:
25 Years Helping Businesses Grow
