Factoring - An Effective Option
July 20th, 2007 Filed Under Factoring
Factoring is an Effective Financing Option For Temporary Employment Agencies
by: Greg Curtiss
It’s a familiar problem for most temporary employment agencies. Your biggest customers are loyal and financially sound, but slow to pay due to corporate red tape or a longer billing cycle. That’s no problem — for them. Meanwhile, you’ve got your own people to pay — employees, suppliers. You need cash and you need it now.
There are many ways to generate cash flow. However, not all may be right for you. If your business is small or new, you may not qualify for a traditional working capital loan. Or you may need cash flow assistance above and beyond such a loan. [More…]
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About Factoring
July 18th, 2007 Filed Under Factoring
Accounts Receivable Factoring is simply the selling of a business-to-business invoice that is due to be paid in the future for immediate cash and provides an unlimited line of credit for business-to-business companies.
Factoring does not require you to pledge any personal or business assets as collateral, and you do not need an audited financial statement to qualify. Accounts Receivable Financing is well suited for businesses with poor credit or bankruptcy because the emphasis is placed on the credit worthiness of the business’s customers, not the business itself. [More…]
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