How can I fund my business? An in-depth analysis
This article provides an in-depth overview of the different ways you can fund your business, in order to find the right fit.
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Invoice discounting enables you to take out a loan using unpaid invoices as collateral.
The loan amount typically ranges between 80% to 95% of the value of the invoices, which you will pay back (with interest) once you receive payment from your customers.
In this example, you will be given $10,000 x 80% = $8,000 of cash. After you have collected on the invoices, you will pay back $8,000 plus the agreed fee to the lender.
Grow your business with Choco Up
This article provides an in-depth overview of the different ways you can fund your business, in order to find the right fit.
Learn all about bank loans, the traditional method for companies to borrow money and access capital.