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A large precision engineering company experienced significant growth but faced a substantial tax demand that threatened its success. Although the company had the financial capacity to cover the expense, its funds were tied up in unpaid sales invoices. To resolve this, the company utilized invoice factoring, receiving an advance of eighty percent of its accounts receivables, which provided immediate cash flow. This method allowed the firm to settle its tax obligations and maintain its growth trajectory. Invoice factoring differs from traditional loans as it does not create debt or increase liability; instead, it converts accounts receivable into cash without affecting the company's credit rating, making it suitable for young and growing businesses.
