Invoice factoring for startup fashion designers and other companies in the fashion sector.
If you are a startup fashion company operating for at least six months and have established relationships with your buyers, invoice factoring can aid in your growth when certain buyers request credit for their orders.
EXTENDING CREDIT TO YOUR BUYERS
The fashion industry is very competitive, and many buyers are willing to work with suppliers that can extend credit to them, typically from 30 to 90 days.
However, granting credit could potentially cause cash flow issues for your startup, unless you have an invoice factoring facility in place.
With invoice factoring, you have the option to extend credit to your customers without affecting your cash flow. You can expand your business by concentrating on creditworthy customers who are seeking credit terms.
For more information about factoring for fashion startups, please complete this short form. We will get back to you shortly.
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