Latest / Cash Flow Conversations with Fexingo: Working Capital, Receivables, and Small Business Finance
How a Family Farm Used Invoice Factoring to Save a Season
In this episode of Cash Flow Conversations, Lucas and Luna examine how a fourth-generation family farm in Illinois used invoice factoring to survive a catastrophic payment gap from a major buyer. The farm, which grows corn and soybeans on 2,400 acres, faced a 120-day payment delay after a processor restructured its terms mid-season. With planting season approaching and no cash reserve, the farm's owner turned to factoring — selling $247,000 in receivables at a 4.2% discount — to fund seed and fertilizer. Lucas breaks down the math: the effective annualized cost, how it compared to a bank…
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