10 Small Business Factoring Company Tips

Posted by WayneLiew under Raising Capital
From http://www.hellotrade.com 5433 days ago
Made Hot by: hdrkid on January 9, 2010 1:42 pm

A suitable factoring service will help you sell your invoices in exchange for immediate money to help you with your cash-flows. You may be a small business dealing in computer parts or cleaning supplies, the following tips are meant to help you better choose and avail an appropriate cash-flow factoring service.

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Comments

Written by vanessa.tan
5128 days ago

I learned so much about this article. I hope it will work with me. Good job!

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Written by billrice
5433 days ago

I'm wondering if there is a magic "size" of receivables that makes this a smart strategy. We looked into it early (when receivables are small and cash is often the most important). It seemed inefficient when we needed it most. Interesting proposition and big need for small businesses though.

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Written by ShawnHessinger
5433 days ago

Wayne,

I've read a lot about this and have always wondered how well it works. It seems often to be pushed hardest by the companies selling the service...which is always apt to make me a bit suspicious.

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Written by WayneLiew
5433 days ago

Yeah, it's the same over here and like you mentioned, it chases a lot of business owners away from considering this as an option to generate cash. Do shop around if your business requires such services and read a lot (learn from an individual with experience and background in finance if possible) about how it works before entering into a deal with them.

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