Invoice Financing Defined: What Is It and How Does It Work?
The invoice financing company agrees to lend Kay’s Catering 80% of the $20,000 invoice they’re waiting on with a 4% interest fee for every 30 days the loan is unpaid. This gives Kay’s Catering $16,000 as a lump sum, allowing the business owners to pay for the food supplies, labor, and cooking equipment they need […]
