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In this tutorial on selecting the right factoring firm for your SME, the focus is on addressing cash flow challenges faced by businesses that are performing well but experience short-term liquidity issues. When companies secure larger orders but have not established bank credit lines or alternative funding, they often struggle to meet payroll and supplier payments. These cash flow problems commonly arise during the initial phases of business. The timing of invoice payments, which can take 30 to 90 days, can create an urgent need for immediate cash. The video aims to guide viewers through the process of finding a suitable factoring firm to bridge this financial gap until invoices are settled.
