WIP FundingIn some industries (law, consulting, architecture, construction), significant work is undertaken and costs incurred before an invoice can be raised (e.g. long projects, contingent legal cases).
WIP finance allows businesses to borrow against the value of partially completed work that is not yet billable. Lenders assess the likely value of the WIP, its stage of completion, and the reliability of the contract, then advance a percentage. This provides cash flow before the final invoice is issued.
Benefits
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