Due to the economic impacts of the corona virus, companies in Netherlands are looking for funding. It is now more important than ever for companies to consider alternative financing options in order to obtain financing to keep the business going. One way for entrepreneurs to improve their cash flow position is factoring, and an external party takes care of collecting outstanding invoices. In practice, however, there are a number of misunderstandings about this financing solution.
Rob Retèl, General Manager at Bibby Financial Services, lists the most important facts and fables:
External financing is only possible from the bank
