Invoice factoring remains an essential financial product for a small to medium-sized business. For the time being, businesses small and large are fighting for their very survival in unprecedented economic conditions. While the debate grows during an election year over issues ranging from U.S. debt, taxes, and unemployment leaving many recent start ups along with fast growing companies wondering how to address payroll and other issues that revolve around raising working capital.
Small business is the strength and backbone of our nation’s economy. The essence of the financial system is a fresh mix of young vibrant energetic businesses. But the problem at hand is that today, many of these new businesses have slowed down on hiring over the last few years. Many companies have unfortunately projected freezes on hiring new personnel overall. The Feds are meeting next week to review its policy. Many believe that the European debt crisis and spending cuts may have hurt recent efforts.
There is good news. Invoice factoring is not only reliable but very practical form of small business financing. Lily Pad Financial will not only assist with the purchase of invoices of a temporary staffing company or trucking company, but can help setup back office support to streamline collection of outstanding accounts receivables.
A list of the top five ways selling accounts receivables benefits a business.
- Cash flow dramatically improved
- Leverage customers credit to obtain access to immediate cash
- Accounts receivables streamlined and managed
- Working capital without creating debt
- Gain more qualified customers by extending terms UGPMHPZGCUM5
Turned down or find yourself wondering when your company will be approved for working capital loans by a traditional debt lender? Wanting to raise business capital but without equity dilution or taking on debt? Concerned about the ability of current customers meeting business obligations? Call Lily Pad Financial to discover how to utilize invoice factoring for your small business financing needs.VJ34UDURSCX3