How is Early Payment Different from Borrowing?
May 21, 2020 |
The C2FO Team
An early payment program with your customers is a convenient, debt-free way to build cash flow — without relying on having to borrow from a line of credit.
Early payment on accounts receivable from your customers is an effective way to create more liquidity for your business, especially in challenging times when traditional lenders are concerned about potential loss and credit risks. Even if rates on a line of credit are competitive, borrowing cash is often more expensive because of additional fees. With early payment, having cash in hand from your customer today is more powerful and often more affordable than using a line of credit.
Here are some of the key advantages of getting paid early and what makes it unique from traditional lending:
To learn more about C2FO’s early payment options, visit www.C2FO.com/vendors.