"Smaller Lenders Feeling Squeeze Of Credit Crunch"
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The Wall Street Journal
Factoring from TruckingFactor.com is your
Alternative when lenders say "No"
As banks continue to "tighten up" their lending practices due to
continued pressure from federal and state bank examiners, small
business owners are finding in increasingly difficult to secure the
financing they need to grow their business.
The Difference Factoring Makes
An increasingly popular way that small business owners secure
capital for their growing business is factoring.
Factoring (also known as Accounts Receivable Financing)
is the practice of selling your accounts receivable (invoices) at a
discount to another company like TruckingFactor.com. You immediately
get the money from TruckingFactor.com and we collect on the invoices.
It is important for small business owners to know that factoring
is not a loan and will not show up as debt on the company’s balance
sheet.
With factoring, you are free from many of the restrictions placed
upon your business by traditional bank financing such as loans or
lines of credit. Most importantly,
with factoring, you are free to grow without having to give up
equity or control of your business. This is
because factoring your Accounts Receivable is technically the sale
of an asset, and the funding you receive from us is not debt, but a
cash asset.
In today's competitive marketplace, getting
debt-free funding in the form of factoring can give businesses the
edge they need to succeed.
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