What does a small business do when it wants immediate cash to make critical business investments that can trigger growth? One course of action is to approach a bank for a small business loan. The problem in this case is banks might or might not lend to your small business and even if they do, the process is long, complex and you won't get your hands on the amount quickly enough.
The solution in this case lies in leveraging your business assets and converting them into cash. One such asset is your accounts receivable, which can be turned into working capital with factoring.