Invoice factoring is one of the most accessible forms of funding, making it the perfect financing option for small-to-midsize companies. That doesn’t mean, however, that only growing companies use this cash flow solution.
So, what industries can use factoring? There are many industries that can benefit from invoice factoring; in fact, this financial service is available to almost all B2B businesses. If your company invoices other businesses for goods and services that you’ve offered, selling your accounts receivable to a factoring company can give you quick funding no matter what industry you are in.
Find out more about how factoring works in each industry below. Don’t see your industry? Don’t worry, just get in touch with us, and we will connect you with the best factor for your needs.