Factoring...A Sensible Solution In Today's Tight Credit Environment

Topics:
Working Capital
Tags:
Environment,
Factoring,
Finance,
Operational Accounting
Source:
The Invoice Bankers

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Overview: Cash flow is a business's biggest need, and when it fails to flow, there is a simple and time proven method to liquidate receivables into ready cash. Factoring is a cash flow tool that can be used by a variety of businesses because of the ancillary services it provides and the internal resources it can free up. Factoring has evolved greatly over the past decade and can be very competitive with conventional financing. Most factors even participate with other lenders in workout situations or to provide the needed financing to assist a business over a hurdle. In other words factoring is a cash flow tool that can be used by a variety of businesses, not just small struggling operations. Many businesses factor simply because of the ancillary services it provides and the internal resources it can free up and cash flow management is on part of the working capital.

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Format: HTML | Date: Jan 2002 | Pages: 1


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