| Learn about an alternative way to finance your | | | | biggest challenges for companies that have |
| growing company. As a result of the current credit | | | | commercial sales is having to wait 30 to 60 days to |
| environment, finding the necessary business financing | | | | get paid. This also applies to government contractors |
| to grow their companies has become the full time | | | | and suppliers who must also wait to get paid. Many |
| job of many CEO's, CFO's and company owners. For | | | | companies would not need a business loan or venture |
| example, venture capital has become increasingly | | | | capital to finance their growth, if their clients paid |
| difficult to get - and understandably so. Some | | | | quickly. You can achieve this using accounts |
| venture capitalists are being extremely cautious, while | | | | receivable factoring. This form of financing has a |
| others just have their own financial problems and are | | | | number of advantages over other forms of financing. |
| not in a position to finance other companies. Other | | | | By factoring receivables you can get working capital |
| institutions are not too helpful either. For example, | | | | for your company without while minimizing the |
| getting a business loan has become increasingly more | | | | problems - and hassles - of waiting 30 to 60 days to |
| difficult, and in some instances, impossible to obtain. | | | | get paid. |
| Many institutions require audited financial statements, | | | | Getting a receivables factoring financing line is fairly |
| proof of hard assets, excellent credit among other | | | | simple, since the main qualification criteria is that you |
| things before issuing a business loan. Unfortunately, | | | | do business with credit worthy clients. But more |
| this puts business loans out of the reach of many | | | | importantly, accounts receivable factoring is dynamic, |
| businesses - especially those that don't have collateral | | | | and grows (almost automatically) with your sales. This |
| in the traditional sense of the word. There is a | | | | makes it an ideal solution for companies that are |
| possible solution though. | | | | growing and have solid prospect - but are having |
| Some businesses may be able to use accounts | | | | challenges finding a financial partner to back their |
| receivable factoring to fund their growth. One of the | | | | business. |