My OperaGet immediate cash using a Factoring Company
Tuesday, March 22, 2011 5:12:53 AM
Businesses on the brink of recession are saved by Factoring Companies
The last two years of bad economic times has closed many small businesses. Many small businesses across the country are struggling to keep afloat and are looking for ways to cut business costs. One solution is to find a factoring company.
There is proof that factoring companies were in operation in The USA even before the revolution. At this time the colonies were shipping animal furs, cotton and timber to Europe. Those were the times when British merchant bankers provided the colonists with money in advance in order for the Americans to continue working and harvesting their land. In other words, these factoring companies, during colonial times made financial advances, or in effect loans, against the accounts receivable of their clients, the Americans, enabling them to continue with their work.
Then, lets look at the Industrial Revolution, when factoring companies started focusing more on credit. This was when they assisted clients in determining the creditworthiness of their customers and setting credit limits. The factoring companies would then guarantee payments for these approved customers, speeding up the process.
Today factoring companies are much busier - this is because they have provided small businesses with a great new way to keep afloat. If you have never heard about factoring companies then you should research the fact that this 4,000 year old business practice is widely used. The use of a factoring company allows clients to access short-term money for use in their businesses, to improve their cash flow and to keep going during an economic crisis.
Because of the credit crunch, banks are being very strict and credit is hard to come by. This results in small businesses finding it hard to obtain normal funds. Sadly many new business owners end up having to take out a home equity loan or worse, they must use credit cards to pay off their bills.
If you are a small business owner with outstanding invoices from 30/60 or 90 days, take the time to do some research online and look at factoring companies that can help you get the money now, so you can use it for business expenses that are critical. It's basically an advance on the money that is already owed to you by your customers.
Factoring companies prefer to do their own credit checks on your clients, thereby ensuring that the sale has been completed to their satisfaction. After notifying the creditor that they have purchased the invoice, your business will receive your money. The factoring company will then be responsible for collecting the money and the transaction will be complete.
If you own a small business and have outstanding invoices, you should think about getting in touch with a factoring company like Factor King and allow them to help you grow your business. It could prove to be highly beneficial to your company.
Are you looking for Factoring companies for advancing money against your receivables? Factorking will have the cash to expand your business to the next level and remains on call 24/7 to provide you with the fastest possible form of funding.
The last two years of bad economic times has closed many small businesses. Many small businesses across the country are struggling to keep afloat and are looking for ways to cut business costs. One solution is to find a factoring company.
There is proof that factoring companies were in operation in The USA even before the revolution. At this time the colonies were shipping animal furs, cotton and timber to Europe. Those were the times when British merchant bankers provided the colonists with money in advance in order for the Americans to continue working and harvesting their land. In other words, these factoring companies, during colonial times made financial advances, or in effect loans, against the accounts receivable of their clients, the Americans, enabling them to continue with their work.
Then, lets look at the Industrial Revolution, when factoring companies started focusing more on credit. This was when they assisted clients in determining the creditworthiness of their customers and setting credit limits. The factoring companies would then guarantee payments for these approved customers, speeding up the process.
Today factoring companies are much busier - this is because they have provided small businesses with a great new way to keep afloat. If you have never heard about factoring companies then you should research the fact that this 4,000 year old business practice is widely used. The use of a factoring company allows clients to access short-term money for use in their businesses, to improve their cash flow and to keep going during an economic crisis.
Because of the credit crunch, banks are being very strict and credit is hard to come by. This results in small businesses finding it hard to obtain normal funds. Sadly many new business owners end up having to take out a home equity loan or worse, they must use credit cards to pay off their bills.
If you are a small business owner with outstanding invoices from 30/60 or 90 days, take the time to do some research online and look at factoring companies that can help you get the money now, so you can use it for business expenses that are critical. It's basically an advance on the money that is already owed to you by your customers.
Factoring companies prefer to do their own credit checks on your clients, thereby ensuring that the sale has been completed to their satisfaction. After notifying the creditor that they have purchased the invoice, your business will receive your money. The factoring company will then be responsible for collecting the money and the transaction will be complete.
If you own a small business and have outstanding invoices, you should think about getting in touch with a factoring company like Factor King and allow them to help you grow your business. It could prove to be highly beneficial to your company.
Are you looking for Factoring companies for advancing money against your receivables? Factorking will have the cash to expand your business to the next level and remains on call 24/7 to provide you with the fastest possible form of funding.
