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What is Debt Factoring used for?

There are a variety of reasons companies utilise Debt Factoring services for their business. For starters, Debt Factoring helps companies reduce their cash flow concerns by receiving payment of invoices straight away. Customers who take a while to process your invoice payment can put a strain on your cash flow, and Debt Factoring with Novuna Business Cash Flow gives businesses an option to receive cash in 24 hours, as opposed to waiting 30, 90 or even 120 days to get paid.