How Factoring Saved a Business
Sky Business Credit
JUNE 29, 2023
Joe’s* business performs collections of past-due utility bills for a large city. It’s a straightforward gig: the city tells him exactly how much they’re going to pay him they tell him when they’re going to pay him his only expense is payroll Unfortunately, Joe consistently had a 10-14-day shortfall between payment and payroll. For years , he and his bank managed this mismatch through overdrafts.
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