- Clear Tax
Can Invoice Financing Be Beneficial for SMEs?
We know that the numerous government initiatives have led to a new wave of businesses budding up in the country lately.
However, the availability of finances is the primary factor to keep these businesses on the sail.
One such option to secure funds to keep businesses going is through invoice financing. Want to know more?
What is invoice financing or invoice discounting?
Invoice financing, also known as invoice discounting and bill discounting, is a way of borrowing short-term funds from a lender based on the outstanding invoices. Businesses use this method to raise funds to meet their day-to-day needs.
This can be considered as an alternative to getting loans from banks.