Whether you are the owner and operator of a local small business or a CFO at a larger commercial firm, factoring is something that should be on your radar. Sure, almost everyone has heard of factoring and know that it's a financing strategy that helps companies with cash flow issues because of late payments from their clients, but seldom do people actually understand how it can help.
As a capital group in the New York City area, our team, here at the Hedaya Capital Group, understands the unique benefits that a business or commercial venture can stand to gain from factoring. We also understand that someone who has never worked in finance might not be able to immediately understand those benefits. Because of this, we thought we might discuss the basics of factoring and how our factoring services might be able to best benefit your local New York City business.
Continue reading to learn more about our invoice factoring services!