FINANCIAL BUSINESS RECEIVABLES (FACTORING) - contin.

First, obviously, if there is a bank loan in your possibilities, go there first. But don't wait until it's too late. Second, you need to understand that this is a tool for expanding your business, not just a way for getting your money sooner. If you don't produce that extra order (or two or more), you will be going into your next month with all your fixed costs over again, plus your financing cost. This would be a straight loss of the financing costs. Use the cash to produce additional revenue! And, always look for the way out. Once you reach a certain size and can qualify for a bank line, use that money first - it's less expensive. Use the factoring to continue to expand beyond that level. If you would like to factor some or all of your invoices, please click here to fill out the information forms. Or call us directly at 1-800-661-4200 ext. 220.