Not everyone realizes that “Business Cash Advance” is simply another type of factoring – one based on credit cards. The benefits of credit card factoring over invoice factoring abound. The top five benefits are:
- no hidden fees
- no pestering your customers
- no dependence on a single client – you are not factoring an individual invoice, just future credit card sales
- less hassle – simple process, no in depth accounting
- less risk – no collateral.
If your company accepts credit cards, and you are looking for a fast, simple, low-risk it is likely that small business cash advance is the right financing solution for you