1. Only for companies in financial distress
It’s a common mistake to think that factoring is only useful when a company has financial challenges, such as a low credit score or clients who are not paying. But actually, every 5th company in Sweden uses factoring today, often with the purpose of releasing their own capital in order to re-invest, in order to increase growth rate, investing in equipment, hiring staff or reach other competitive advantages. It’s simply an easy and clever way to improve possibilities for your company.