There are many reasons a company might turn to factoring or invoice buying for working capital. Recently, we had a food distributor looking for additional working capital due to growth.
Challenge: The company wanted to grow and expand into additional markets; however, it did not have the working capital to buy more inventory to supply these markets.

Solution: Through factoring, the company was able to facilitate its growth by generating working capital immediately when an order was filled and an invoice was produced. It did not need to wait 30,60 or 90 days for their customers to pay.  This allowed the company to capitalize on new opportunities and double its revenue in one year.