Funding,for,your,Growing,Compa business, insurance Funding for your Growing Company - An Aletrnative
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As a result of the current credit environment, finding the necessary business financing to grow their companies has become the full time job of many CEO's, CFO's and company owners. For example, venture capital has become increasingly difficult to get - and understandably so. Some venture capitalists are being extremely cautious, while others just have their own financial problems and are not in a position to finance other companies. Other institutions are not too helpful either. For example, getting a business loan has become increasingly more difficult, and in some instances, impossible to obtain. Many institutions require audited financial statements, proof of hard assets, excellent credit among other things before issuing a business loan. Unfortunately, this puts business loans out of the reach of many businesses - especially those that don't have collateral in the traditional sense of the word. There is a possible solution though.Some businesses may be able to use accounts receivable factoring to fund their growth. One of the biggest challenges for companies that have commercial sales is having to wait 30 to 60 days to get paid. This also applies to government contractors and suppliers who must also wait to get paid. Many companies would not need a business loan or venture capital to finance their growth, if their clients paid quickly. You can achieve this using a/r factoring. This form of financing has a number of advantages over other forms of financing. By factoring you can get working capital for your company without while minimizing the problems - and hassles - of waiting 30 to 60 days to get paid. Getting a receivables factoring financing line is fairly simple, since the main qualification criteria is that you do business with credit worthy clients. But more importantly, a/r factoring is dynamic, and grows (almost automatically) with your sales. This makes it an ideal solution for companies that are growing and have solid prospect - but are having challenges finding a financial partner to back their business.
Funding,for,your,Growing,Compa