Posted by admin | Posted in Alternative Financial Products for Small Business, Cash is King, Factoring Receivables, Receivables Factoring, Small Business | Posted on 25-04-2012
Economists are reporting that the economy is showing signs of recovery. Daily there are reports that the future for business is looking brighter; increased hiring, raises in compensation, etc. but, it will be a steady climb back… not an overnight flip. Business owners need to be aware that, while the business world does seem to be showing improvement, it is still vital that we make savvy business decisions to keep cash flowing and business growing. One method often overlooked, or simply misunderstood, is receivables factoring. If the business owner wants to ensure the viability of their business then it is vital that they address the issue of cash flow. Factoring receivables is an easy way to boost your cash flow to meet needs such as payroll, supply purchasing, and the day-to-day expenses of running a business.
When the business owner sets up their business they have a passion about the goods or services they provide. Seldom does cash flow, invoicing, or past-due collections appear on the business plan. Those items, in truth, are vital to the success of the business. A factoring firm cannot only assist with the immediate needs of cash flow but can often help the business drive their receivable collections. A receivables factoring firm can partner with a small business to be their out-sourced accounts receivable department.
If you, or someone you know, can benefit from the alternate financial offerings a receivables factoring provider has to offer, please contact us to see how we can assist you to grow your business.