If you can answer yes to any of the following questions, then factoring just may be the answer to your current financial situation.
- Is your cash tied up in unpaid invoices?
- Is payroll your largest expense?
- Are you growing but increasingly short of cash?
- Have you been in business only a short amount of time?
- Have banks refused to extend you any credit?
Depending on your company's situation, you may also benefit from an Asset Based financial solution. There are many great factoring companies out there, many that only work with specific types of companies (construction, retail, etc). You need to pick the company that will provide your company with the best service and also be able to provide basic information when you need it. One company to look at is: http://www.sscapitalpartners.com
