There’s a lot of confusion when it comes to business financing options as financing services companies can get creative with the names they use to describe the types of financing they offer. Part of that is for a good reason. Not all small business owners know what kind of financing they want or need especially when banks don’t come through.
Because of this, financial services companies use simple terms such as flexible funding or flexible financing. Invoice financing, accounts receivable financing and MCA funding mean little to business owners. Small businesses know they need working capital to help with cash flow. Here are the common terms to help you navigate the murky waters of financing.