What are the differences between invoice funding & a bank loan?
When business owners are faced with financing and funding challenges, many of them will turn to banks for help. And in some situations, bank loans make sense! However, invoice funding can also be an option to help with cash flow needs. That is why we pulled together some of the key differences between invoice funding and bank loans to help determine which option may make the most sense for your business.
Strategic Partnership: NATE, The Communications Infrastructure Contractors Association
ver the last year, wireless and internet service demand hit all-time highs as millions of Americans were forced to move their workspaces from an office to their living rooms. With 5G already an initiative going into 2020, providers were forced to accelerate their efforts towards 5G implementation across the nation.
Team Spotlight: Operations Manager, Abby Nolte!
Join us in welcoming our newest team member, Abby Nolte, from NYC! Abby recently joined Kompass Funding as our Operations Manager. She was previously based in mid-town Manhattan at JPMorgan where she focused on sales and distribution strategy for their exchange-traded fund (ETF) platform.
What are the benefits of invoice funding?
For many businesses, limited cash flow tends to be a problem owners choose to “deal” with. Lack of cash flow can be the result of many reasons. For example, if clients take a long time to pay for your goods and services. Combine late payments with the impact of COVID-19, businesses are feeling more squeezed for cash than ever. But instead of “dealing” with the problem, invoice funding can help alleviate some of your cash constraints.