Small and Medium-Sized Businesses Reach New Heights Through Alternative Funding Sources
- A sluggish recovery has forced business owners to look at many types of funding options…
- In recent years, small and medium-sized business owners have been able to gain ground by utilizing alternatives such as factoring facilities, purchase-order financing and supplier guarantees. All these vehicles are financing solutions designed to alleviate cash-flow issues while maintaining healthy balance sheets as business owners try to get on with their day-to-day business and continue to grow.
As small to medium-sized businesses struggle to find funding sources, they discover there are numerous benefits of invoice factoring, including a simple application, no personal guarantees, approvals based on your client’s credit (not yours), and you can maintain a healthy balance sheet by not taking on debt.