Posts made in September 5th, 2010

Small Business Owners – Factoring Can Help Your Finances

Posted by Doherty on Sep 5, 2010 in Finance 101 | 0 comments

Image by workingcapitalteam via Flickr If you are one of the more than 25 million small businesses in the US today, then you are now or have or will face of these problems. If you are one of those businesses who doesn’t have any more room on your line of credit, or if you can’t even get one, what do you do? Accounts receivable factoring can provide an easy way out of all of these. When you use factoring, you are not borrowing money; you are selling an asset. You don‘t increase your debt and you get liquid cash fast! Payroll Granting payment terms is an accommodation to customers that often leads to more business. However, matching payment terms to payroll...