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Finance 101: The Benefits of Factoring for SMBs Explained Factoring is an excellent financing option that can provide a quick boost to the cash flow. This may be an important strategy to improve your cash flow. Small and medium-sized businesses can particularly benefit from factoring. At Troy Business Group, we have helped a lot of clients avert cash flow problems by using this mode of financing.   In this post, you will learn about some of the benefits of this type of financing for SMBs. 1. Less Costly than Loans Factoring involves selling credit invoices to get cash. The asset-based lending is less costly than other modes of financing. You will save on direct interest payments on loans when you go for this option. With the…

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