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Invoice Factoring for Small Business: Pros and Cons

Invoice Factoring for Small Business: Pros and Cons

by First Union Lending | Dec 22, 2022 | Business Finance, Resources, Small Business

Invoice factoring is a way for businesses to fund cash flow by selling their unpaid invoices to a third party (a “factor” or “factoring company”) at a discount in exchange for cash upfront. Let’s review the pros and cons to consider...
What Is Accounts Receivable Financing?

What Is Accounts Receivable Financing?

by First Union Lending | Nov 15, 2021 | Business Finance

What exactly is accounts receivable financing? This type of commercial lending is a form of funding where you will receive a sum of money from a lender based upon a percentage of your accounts receivable. There are a few different ways this can be structured, with the...

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