Very few companies are financing businesses in the construction industry today as the industry risk is still too great. Many general contractors and subcontractors are reeling from the effects of the building bubble. And to add insult to injury, many construction companies who obtained a business loan will probably, or already have found themselves out of covenant. This is due to falling sales. Simply put, banks won't let them tap into their lines of credit until their sales are back on track. What's more, even in the factoring industry, few companies dare to offer construction factoring since the risks of default are still high. However, in many cases a factoring company will be able to help. There are quite a number of firms … [Read more...]
Accounts Receivable Factoring – An Alternative Funding Option For Small Businesses
Because of their lack of financial sophistication and size, today's small businesses continue to face the hardships brought on by current economic challenges. Many firms struggle to maintain their bank credit facilities, and securing a new line of credit or increasing a company's current limit is nearly impossible. So if the lending wells have dried up, what's a small business owner to do? Capitalize on the benefits of accounts receivables factoring. … [Read more...]
Investor Spotlight: Working With AAA Factoring Group
AAA Factoring Group works with businesses and cash flow brokers to provide accounts receivable financing. Factoring Investor (FI) asked Duane Marchant, founder and president, to share some information on working with his company. … [Read more...]
The Small Business Owner’s Guide to Alternative Financing
What The Small Business Owner Must Know to Get Through These Financial Times! New Book Release by Karlene Sinclair-Robinson, Certified Cash Flow Consultant. Our current national financial situation makes it even harder for small businesses to qualify for bank financing. Balancing the scale in this arena is vital, but will it even out for you? … [Read more...]