June 11, 2012
Choose invoice factoring business funding to expand your company at all stages: profit and thrive.
Each stage of your business comes with unique benefits and challenges. No matter the stage, though, working with a quality receivables factoring firm can support business growth. In part one of this four-part series, we will share the benefits of invoice factoring when you are poised to expand your business, but face cash flow management issues. Also learn how working with a factoring firm can help:
But, first, see if you identify with these challenges often faced by established business owners who want to expand their company:
Cash Flow Management Problem # 1: Traditional business funding from banks does not meet your needs.
You apply for a line of credit but it is not approved. Or, it is not approved for the amount you need.
Invoice Factoring Solution # 1: With factoring business funding, you receive funds within 24 hours of invoicing your customers; cash flow problem solved!
Cash Flow Management Problem # 2: You mull over taking in a partner or investor, but you feel uneasy.
You started this business and you hate the idea of giving up control of its destiny and future.
Receivables Factoring Solution # 2: Using an invoice factoring company, you remain in control and you can parlay your new cash flow abilities into an expanded business.
Cash Flow Management Problem #3: You worry about losing your well-trained quality staff during expansion.
You appreciate the quality of your current staff and you need them to recruit, hire and train new staff. But, because of cash flow issues, making payroll may be a struggle, or you can’t always budget for the seminars or training tools they request.
Invoice Factoring Solution # 3: A factoring company provides the business funding you need to recruit and train new staff while retaining your star employees.
Contact a quality receivables factoring company and solve your business expansion challenges.
You can then hire more staff, meet current financial obligations and grow your business to new heights. If you have more questions, find a reputable receivables factoring company and discuss the positive benefits for your company. Also read parts two, three and four of this four-part business cycle series.