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How is invoice factoring used?
How is invoice factoring used?
Written by Marketing Team
Updated over a week ago

The reason there’s a demand for factoring is because of cash flow issues caused by long business to business (B2B) payment terms. In many industries, it’s not uncommon for standard payment terms to be anywhere from 30 to 120 days. Instead of business owners being paid right after they’ve delivered goods and/or services, they have to wait to receive customer payments. With invoice factoring, you can get quick cash to easily keep your business growing and thriving through:

  • Making payroll

  • Buying new equipment

  • Paying their own suppliers

  • Hiring staff

  • Fulfilling large orders or projects

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