Invoice factoring advantages and disadvantages

Invoice factoring is financing that comes from a business selling its accounts receivable to a factoring company or bank, the amount available generally depends upon the invoice volume. Advantages of invoice factoring 1: Planning for growth Many small businesses fond it hard to get traditional bank lending, but invoice factoring makes it less risky not…

Momentum Credit Gives a Financial Lifeline to SMEs

By Wachira Kambogo Like any other entrepreneurs across the globe, Kenyan entrepreneurs often find themselves facing stubborn financial straits. When this happens, their businesses implode. Cash constraints bite hard, culminating in staff layoffs. In extreme cases, businesses close shop. Unlike their counterparts in the developed world who can easily access affordable credit, local entrepreneurs have…