Software IT Factoring as a finance option for the IT / software industry can be the cheapest way to fund major IT projects, refresh hardware and ensure the business does not fall behind in technology developments.
Companies that operate in the IT / software industry often face cash flow hurdles as they wait 30 to 60 days or longer to get paid by their customers. Since they have already paid their vendors, they may be in danger of running out of money while waiting to get paid themselves.
Alternative financing solutions can be a lifesaver for IT companies experiencing this “cash flow delay.” With invoice factoring, for example, the company can receive cash in 24 hours instead of waiting weeks or even months.
Most Banks do not understand that one of your largest and most valuable assets in your IT software business is your invoices for the products you have shipped to your customers and for that reason your Bank loan could be denied.
This is where we can help you by using software factoring also known as invoice factoring.
Moon Financial will be able to do what most banks would not consider;
to use your commercial invoices as the only collateral to obtain working capital you need to run and grow your IT business.
Software IT Factoring Utilize this cash flow funding to:
- Stay up to date with technology development
- Refresh hardware
- Purchasing Software licensing
- Increase your purchasing power