Archives for January 2012

Factoring News: Sears Reaches Agreement with Factors

The Wall Street Journal released some factoring news showing how working with Factors can help a company win big...even on Wall Street. NEW YORK (Dow Jones)--Sears Holdings Corp. (SHLD) shares soared Friday as the retailer was said to be making the rounds to reassure its financing partners that it has the wherewithal and the desire to meet its obligations. Shares were up 13% to $49.04 in recent afternoon trading, and have now gained 57% this month as positives from new financial plans with vendors mixed with talk the company could be taken over by its majority owner, Edward Lampert. A Lampert representative didn't immediately return a call for comment. The retailer on Friday was said to have talked with a number of its larger … [Read more...]

Factor in Some Good News for the Factoring Industry

The New Year has arrived and with it comes the hopes and expectations for results to exceed those in previous years. Let’s face it, we all want to increase sales and profitability whether it’s in January or the middle of the summer. With traditional financial institutions continuing their stranglehold on lending to businesses, the factoring industry has experienced a renewed interest from companies seeking … [Read more...]

How Factoring Benefits Private Duty Care Agencies

Now more than ever, private duty care agencies and home healthcare companies need cash flow to sustain their operating expenses, such as … [Read more...]