Sentences with phrase «immediate access to working capital»
«This partnership allows Fundbox to extend its reach to a much larger network of law firms — an industry sector known for long invoice net terms - who will greatly benefit from immediate access to working capital.»
The way it works is that a business sells its accounts receivables to the factor at a discount, giving the business immediateaccesstocapital instead of waiting the 30 or 60 days for a customer to pay.