THE C.R.E.A.M. LEAGUE
THE C.R.E.A.M. LEAGUE
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Establish Business Credit Like A Boss

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  1.  1. Lender Requirements Overview(Introduction)
    18 Topics
  2. 2. Come Up With A Business Name
    5 Topics
  3. 3. Create a Legal Entity
    2 Topics
  4. 4. Get An EIN
    1 Topic
  5. 5. Get A Business Address & Phone
    6 Topics
  6. 6. Get Business Licenses & Permits
    2 Topics
  7. 7. Create Website & Business Email
    3 Topics
  8. 8. Get a Business Checking Account
    2 Topics
  9. 9. Get Business Insurance
    1 Topic
  10. 10. Get An Accountant
    1 Topic
  11. 11. Create A Business Plan
    1 Topic
  12. 12. Business Credit Reporting Agencies
  13. 13. Register With Dun & Bradstreet
    3 Topics
  14. 14. Get Your Experian Business Report
    2 Topics
  15. 15. Get Your Equifax Business Report
    2 Topics
  16. 16. Business Credit Scores
  17. 17. Business Credit Information Business Credit Information
    2 Topics
  18. 18. Optimize Your Personal Credit
    4 Topics
  19. 19. Adding Vendor and Credit Tradelines
  20. 20. Apply for Vendor Accounts
    10 Topics
  21. 21. Apply for CD Secured Business Loan
    1 Topic
  22. 22. Ask Suppliers To Report To The Bureaus
    2 Topics
  23.  23. Apply For Business Credit Cards
    3 Topics
  24. 24. Business Term Loans
    3 Topics
  25. 25. Equipment Financing
    3 Topics
  26. 26. Business Line of Credit
    3 Topics
  27. 27. Invoice Financing
    3 Topics
    1. Advantages of Invoice Financing:
    2. Who Should Use Invoice Financing:
    3. Disadvantages of Invoice Financing:
  28.  28. Business Cash Advance
    3 Topics
  29. 29. SBA & Long-Term Loans
    3 Topics
  30. 30. Explore Business  Credit Cards

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Establish Business Credit Like A Boss 27. Invoice Financing
Lesson 27 of 30
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27. Invoice Financing

RoseAllure August 28, 2022

While some business owners believe this type of financing causes their clients to have a negative view of them, this can’t be further from the truth. In fact, many businesses use invoice financing with great success. Given the higher interest rates (15%-35% APR) compared to other types of financing, these loans are great when your business is in need of cash immediately and for a short period of time.

Invoice Financing Explained

Because credit is extended based on your accounts receivables, your client’s credit score is usually more important than yours. Invoice financing can be a good option when you need a financing but haven’t yet built up enough credit history to get approval from a traditional lender.

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