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A large precision engineering company experienced significant growth but faced a substantial tax demand that threatened its success. The company had the financial capacity to meet the tax obligation, but its funds were tied up in unpaid sales invoices. To resolve this issue, the company utilized invoice factoring, receiving 80% of its accounts receivables as immediate cash. This funding method, known as factoring, enabled the firm to settle its tax liabilities and maintain its growth strategy. Unlike traditional loans, invoice factoring does not create debt or increase liability, as it converts accounts receivable into cash without impacting the company's credit rating, making it suitable for young, growing businesses.
