The difference between purchase order financing and invoice factoring

Both purchase order (PO) financing and invoice factoring are designed to help businesses that have sales outpacing their incoming revenues. But they manage cash flow in two different ways. If you are a small business in need of financing to stabilize your cash flow, it's important to identify when to use invoice factoring and when to use purchase order financing. Purchase order financing Basically, this is an advance of money that goes to your supplier so that you can fulfill a customer order.…

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