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Invoice factoring, also known as accounts receivable financing, is a financial solution that allows small business owners to turn their unpaid invoices into immediate cash.

For many aspiring entrepreneurs, using personal savings to fund a business or start-up can seem like a viable option. After all, it’s a quick and easy way to get the resources you need to get your venture off the ground.

When it comes to funding small businesses or start-ups, many entrepreneurs turn to their retirement accounts for the capital they need. Retirement accounts such as 401(k)s and IRAs offer the opportunity to access funds without having to take out a loan or issue stock. While this is an attractive option, there are some potential downsides to accessing retirement funds to finance a business.