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Business factoring is a process that can streamline and grow your company. If find yourself searching for “factoring for small business”, what is invoice factoring, or if invoice factoring is for you, read this guide for an easy explanation. What is factoring and what is a factoring invoice? Business factoring occurs when a company sells its invoices to a factoring company for cash. Invoice factoring for small businesses involves the use of factoring invoices that the company’s clients did not pay yet so that they can obtain capital in a hurry. Factoring invoices is an easy and quick way for businesses to pay their staff, and afford to fund their materials and equipment. Should you rely on invoice factoring for small business? Invoice factoring can have many benefits for your company. The biggest is that factoring costs are affordable as you only pay a factoring rate. Factoring fees are usually a small percentage of what a client owes you and unlike a bank loan, invoice factoring rate is not something that will acquire interest over time. When it comes to factoring invoices, Charter Capital provides an easy factoring advance with a low factoring fee. https://www.charcap.com/is-invoice-factoring-right-for-your-business/ For business factoring solutions that work for you, contact our team today!