Applications from the East African region are invited for Agri-businesses in the food crop value chain that are in need for working capital to support their business operations. To check your eligibility, click here: https://t.co/EK2KuZjOA4
FACTS, last week, signed a grant agreement with @USAIDEastAfrica that is geared towards supporting #SMEs in the agri sector with the #workingcapital necessary to grow their businesses. The funding will boost the work that FACTS already does with SMEs.
Demystifying #factoring myth #3
Factoring is expensive: Look at it this way, it can mean the death of your biz if it is not available. Factoring gives you access to cash when you need it the most in the shortest time. It increases your business’s stability, strength and profits.
Late #payment for Goods or services delivered is strangling #SMEs. This is a worldwide problem, but in #Africa the situation is systematic and denies SMEs the working capital that they need to grow their businesses. Late payments can be a menace but don't let that hold you back!
Demystifying factoring myth #2
Factoring is strictly suited for large corporations or businesses that are in extremely bad financial condition. Any B2B company that delivers a product or service to another company can be a good candidate to rely on factoring.