Tag: service

Factoring is something you would possibly consider when financing a start-up if you already have some customers and cash circulate coming in. With factoring, you’re leveraging your excellent accounts receivable to borrow cash for your business. A business line of credit could be simpler to get approved for but it works a little in a unique way than a mortgage. With a mortgage, you’re getting a lump sum of cash that you need to use to fund your small business. You then repay the mortgage in accordance with the repayment schedule set by the lender. Working with angel traders to finance a business has some key benefits, chiefly that the cash you’re getting doesn’t should be paid back. That means if for some reason your business doesn’t take off, you aren’t left with a mountain of business mortgage debt to repay.