Understanding Bill Discounting vs. Factoring: What’s Best for Your Business

When navigating the world of finance, businesses often come across two key terms: bill discounting and factoring. While both offer ways to improve cash flow, they have distinct differences. Bill discounting involves selling your company’s bills or promissory notes to a bank or financial institution at a discount, which is then redeemed at maturity. Factoring, on the other hand, involves selling your receivables to a factoring company for immediate cash. Each has its advantages and is suited to different business needs. Learn how SBI Global Factors’ bill discounting services can complement your factoring strategy. for more information please visit https://www.sbiglobal.in/bill-discounting-and-factoring-differences#toc-6