Factoring News – November

Factoring News – November

Canadians on How to Avoid Small Business Debt

It is a hot topic these days, with a slow to recover economy … avoiding small business debt. The days of borrowing from banks and/or private lenders appear to be numbered. Why? In part because these arrangements come with interests rates and predetermined periods of time within which the borrower must repay their creditor. If the borrower is later unable to repay the lender, credit scores suffer, access to future loans diminish and in worst-case scenarios, a loss of collateral and bankruptcy follows. However, there is another alternative financing solution in Canada often known as Alberta Canada invoice factoring. more-

Cash with No Debt

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Does your business need cash immediately in order to survive? Or are you spending way too much time collecting from slow paying customers? If so, then it means there may not be much time left for you to actually build your business. Or you may be seeking an alternative financing solution for your small business if you are experiencing a long billing cycle, such as from 60 to 90 days.

This can put a big strain on your cash flow. In fact you may have considered turning away new business due to slow cash flow. Invoice factoring is a flexible financial solution that can help your business be more competitive while improving its credit rating and cash flow. In fact, just think about what the costs are for NOT using factoring?  more

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Rebuilding Construction

The collapse of the housing market and subsequent downturn in the economy severely affected the construction industry and especially sub-contractors. Although it may be sometime before the housing industry recovers, there are construction projects springing up all over the country. –more

NEWS

Interface Financial Group Offers Invoice Factoring for SMEs Reluctant to Hire Staff

BETHESDA, MD–(Marketwire – Nov 10, 2011) – According to The Interface Financial Group (IFG), invoice factoring is ideal for SMEs who need to hire employees — whether for seasonal rushes, new clients, or staff that is out on sick or maternity leave. This is why some business owners are turning to factoring as a means of creating immediate cash flow. The latest small business optimism index shows that many U.S. small business owners are reluctant to hire more employees in the near future because of the last quarter’s slow sales as well as uncertainty about the economy. Twenty-six percent of SMEs surveyed said poor sales is their main concern. (Source: National Federation of Independent Business (NFIB) membership of 2,077 small businesses surveyed.) –more

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