The cash flow business depends on Monterey Financial for the purchase of retail installment contracts. Factoring Investor (FI) caught up with Gina Frame, Assistant Manager Sales & Marketing, to fill us in on how Monterey is helping businesses and cash flow brokers turn receivables into cash. … [Read more...]
Small Business Financing: Where To Go When Banks Say No?
Lending to small business was down a whopping 12.5 billion or 4.6% for the 7 months ending in November. That sobering news comes from the Treasury Department's tracking of the 22 largest banks receiving bailout money. Of course these stats are no surprise to business owners. Rebuffed by banks, they increasingly turn to factoring and purchase order financing for cash flow needs. The New York Times recently … [Read more...]