Invoice Finance and Factoring is an ever more prevalent part of US business practices for small and medium (SME) businesses, as they have found it increasingly difficult to access funds - for effective cash flow management and expansion - from traditional lenders, such as the large and medium sized banks, since 2008.
With the economy getting back on its feet from the deep blows of the recession, many businesses are also starting to see growth return and many businesses are seeking to capitalize on this and gear up for growth in 2015 and beyond.
As many small to medium sized businesses find, there is often a gap in the cash flow position from accounts receivable to accounts payable, especially at times when you need it most, such as periods of high growth. The best position to be in is to have a facility in place so that when you need a cash flow injection then you know you have the ability to access working capital without the need to firstly find a suitable finance partner, then go through their checks and process to enable a facility to become active.
As the economy further revives going into 2015 many businesses will be looking to capitalize on opportunities for organic growth and the possibilities of achieving sales growth amongst their existing and new customers.
So if you are looking to secure the growth of your business with a strong cash flow position and a reliable invoice factoring partner then speak to us about what your best options are as we can certainly help your company grow.